Home prices in Britain rose more than expected by 1% in December from November, and on an annual basis recorded the largest increase in 15 years, according to data from the mortgage company Nationwide, which were announced on Thursday.
Economists in a Reuters survey growth on a monthly basis of 0.5%.
More specifically, house prices recorded an increase of 10.4% in December compared to December 2020, with the average house price reaching 4 254,822.
The UK housing market has recovered strongly since the end of the first lockdown in 2020 and has since moved upwards, fueling increased demand for real estate as more and more people work from home.
“It looks like the housing market is likely to slow down in 2022,” said Robert Gardner, chief economist at Nationwide.
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Source From: Capital
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