UK housing market 'on the boil' as prices rise

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UK housing market 'on the boil' as prices rise
France Dernières Nouvelles,France Actualités

UK house prices rose by 7.1% compared with a year ago, the Nationwide says, amid high demand from buyers.

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Year-on-year price growth accelerated as well, driven in part by the extension inThe pandemic has led some people to reassess their domestic set-up, with demand for more space coming to the fore.

The state of the market saw some people queuing overnight outside an estate agent in Wales as homes for a new development went onto the market.Nationwide's figures are based on its own mortgage data, and it suggests that the market is likely to continue to be busy for the next six months, owing to the stamp duty relief.

A typical first-time buyer would need to save £19,500, or around 50% of their gross earnings, for a 10% deposit on a mortgage, Mr Gardner said.

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