Living
U.K. Property Boom Will Last Another Year, Rightmove Says
- Strong demand will be sustained in the first quarter of 2021
- Asking prices rise 6.6% in December from a year earlier
This article is for subscribers only.
The surge in U.K. property prices will persist into next year as housing needs outweigh economic uncertainty, according to Rightmove.
It predicts asking prices will climb 4% in 2021 as this year’s unprecedented demand spills into the coming months. Currently there is a logjam of 650,000 properties in the market, with prices up 6.6% compared to this time last year, the property website said.