By James Salmon Associate City Editor For The Daily Mail
Published: 23:56 BST, 9 September 2020 | Updated: 23:56 BST, 9 September 2020
House prices grew at their fastest rate in four years last month as families sought more space after being cooped up during lockdown.
They are increasing in 'virtually all parts of the UK', said a closely-watched poll of chartered surveyors, with buyers also rushing to take advantage of the stamp duty holiday.
The average home was worth £245,747 in August, £12,000 more than in the same month last year. It was the biggest annual rise since 2016.
The Royal Institution of Chartered Surveyors poll found buyers are most attracted by gardens or proximity to green space, with eight in ten surveyors saying demand for homes with these attributes will rise in the next two years.
House prices grew at their fastest rate in four years last month as families sought more space after being cooped up during lockdown
It backs up reports of a surge in