Britain sees biggest surge in house prices for four years

Britain sees biggest surge in house prices for four years as families look for more space after being cooped up during coronavirus lockdown Average home is worth £12,000 more in August than in the same month last year And prices are increasing in 'virtually all parts of the UK' according to a new poll  Stamp duty has been temporarily axed on homes worth up to £500,000 

By James Salmon Associate City Editor For The Daily Mail

Published: 23:56 BST, 9 September 2020 | Updated: 23:56 BST, 9 September 2020

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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

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

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