Inflation pain to stretch into next year, warns Andrew Bailey

House values recorded double-digit advancement in November 2021, with the typical residence value attaining £25,000 in the place of a yr.

My colleague Rachel Mortimer has a lot more:

Values throughout Britain rose by 10computer system in the calendar year to November, up from 9.8computer system in October, in accordance to the latest figures from the Workplace for National Figures. 

Price tag tags hit £271,000, somewhat decreased than September’s file regular of £272,273 in the direct up to the final stamp responsibility deadline.

Residence prices ongoing to climb in November, even with predictions the assets current market would get started to amazing the moment the tax break ended and forward of the ordinarily silent festive time period.

Substantial consumer demand from customers, matched with an acute lack of residences for sale, ensured sellers still achieved their asking price tag, and earlier mentioned, late into last yr