UK Home Prices Rise at Fastest Rate Since 2016, Nationwide Says | Silver

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House prices rose in September at the fastest annual rate since the aftermath of the Brexit vote in 2016, according to the UK’s largest construction company, as buyers continued to benefit from a benign market despite the coronavirus pandemic.The UK average house price rose 5% in September from the same month last year, to £ 226,129 – a record high, Nationwide reported.

The pandemic has rocked the housing market, with demand returning after the UK-wide lockdown and temporary stamp duty cuts, helping to support sales even as economists forecast a significant increase in unemployment in the next quarter.

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