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Owner-occupiers aged 60-plus now hold a record estimated £2.89trn of net housing wealth in homes worth a total of £2.95trn, according to the latest assessment of housing wealth from property firm Savills.
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The number of mortgage completions in the UK increased by 50% in March as purchasers raced to avoid higher stamp duty payments, according to Barclays. This was even higher among first-time buyers.
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There was significant increase in UK housing costs last year, hitting an all-time high of £217bn for the first time, new data from Savills reveals.
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Average house price has risen nearly £50,000 since start of 2020, says Halifax.
Despite the recent dip in UK house prices, the average price of a home in this country is up almost £50,000 on average since the beginning of the pandemic.
According to Halifax, which carried out the research, it is the equivalent of a 20.4% rise on average, as the country approaches.....
