The average property price in Britain has risen in value by £49,000 since 2016. This has been underpinned by the ultra-low mortgage rates. This steep increase in house prices means that your UK home could be worth more than you think.
What has driven this? The ultra-low mortgage rates is a factor, but the pandemic has also driven increased buyer demand as people have begun to reassess what they want from home. This demand has however been met by a limited supply of homes for sale which has fuelled the house price growth.
To check out the house price growth in your area, refer to the full article from Zoopla below.
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