More people moving from cities or to bigger properties in Covid-19 pandemic
UK house prices bounced back in February despite the imminent end of the stamp duty holiday, fuelled by changing housing preferences in the the Covid-19 pandemic, and some buyers betting that the tax saving will be extended.
The average price of a home rose by 0.7% to £231,068, the highest on record, more than reversing January’s 0.2% drop, said Nationwide, Britain’s biggest building society. This took the annual growth rate to 6.9% from 6.4%.
