A dash for detached homes and the hunt for more space in lockdown helped send the average house price in the UK up £20,000 in 2020, official figures revealed. At least an element of stamp duty land tax has been suspended across all four nations. London's average house prices remain the most expensive of any region in the UK at an average of £496,000 in December 2020. If the stamp duty holiday was extended, this could delay the slowing of house price growth, however. It is set to be an instrumental supporting factor for house prices this year.'

Source: The Nation February 17, 2021 14:01 UTC