The pandemic house price boom has added close to £1 trillion to the value of the nation’s collective property, analysis for Money Mail reveals today.
The stamp duty tax break, alongside surging demand for more space, have driven up prices to a record high.
The housing market has had its strongest start to the year in 17 years, with prices 11.2 per cent higher in January compared to a year ago, according to Nationwide.
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Paul Clarke was quoted:
A Victorian terrace with two bedrooms in Suffolk was only on the market for two days with agency Mr And Mrs Clarke.
There were 83 enquiries on the first day followed by 50 viewings and ten offers. It was listed for £195,000 and sold for £214,500.