Arrange a Call

Homeworking drives house price boom outside UK cities – 28th Aug 2021

Increased homeworking during the pandemic has pushed up house prices in areas surrounding most of Britain’s biggest cities more than in the urban centres as buyers seek more space, research from the Halifax bank has shown.

In the areas around big cities, excluding London, the average house price grew 10.8 per cent between March 2020 and June 2021, according to an analysis of mortgage transactions included in the Halifax house price index published on Saturday. This compares with growth of 8.9 per cent for house prices in the cities.

Ashley Thomas, director of London-based mortgage broker Magni Finance, said the stamp duty holiday did not make much difference for people buying expensive properties. “A large garden and being in the countryside or near a beach has become a default setting for many high-income buyers.”

Click here to view the full story

other insights you may like

Magni Finance, featured in The Telegraph
How to get a £1 million home – with no income – 25th August 2023
What you earn can have a big impact on the kind of property you can afford to buy. 

*/?> */?>
Magni Finance, featured in The Times
Is now the time to get a tracker mortgage? – 6th Aug 2023
A tracker mortgage could be the best option for the brave — but only if you think interest

*/?> */?>
Magni Finance, featured in Financial Times
Wealthy UK borrowers face interest-only mortgage payment shock – July 14th 2023
Wealthy borrowers in the UK with large interest-only mortgages face a punishing jump in payments — leaving them

*/?> */?>


  • This field is for validation purposes and should be left unchanged.