How Are House Prices Rising So Fast.......

[ToraToraTora]

https://news.sky.com/story/house-prices-growing-at-fastest-rate-since-2004-12578656
....when we are all skint?

[237SJ]

The stamp duty holiday encouraged people to move and now there is hardly any property on the market as it's all been sold.

[douglas9401]

We're not 'all skint', especially those parasites buying every available house or flat to rent out to the desperate at grossly inflated prices.

[ToraToraTora]

damn dougy you found me out!

[Ken4155]

I always smile when i hear the average price of a house. Today's average is £265,000. The dearest house in Burnley is only worth half a mil and, as @ Jan of this year, our average was just over £144,000.

[Buenchico]

Explanation here:
https://www.bbc.co.uk/news/business-60585947

[ToraToraTora]

well as they say ken, only 3 things matter in house prices, location, location and location.

[gingejbee]

Just looked at the "average" house price around here...semi £470k and detached £630k.
Thinking of moving to Burnley.....!

[Ken4155]

Don't know what you're insinuating, TTT. There's nowt wrong with Burnley-by-the-C. :-)

[New Judge]

The reason the price of anything rises is supply and demand. Houses are no exception: there are too many people chasing too few houses. And it will get worse. And worse.

[dave50]

There must be a ceiling when first time when eventually buyers are unable to get on the ladder