UK Autumn Budget 2017

A summary of yesterday’s UK Budget and its implications for expats.

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Property Market ‘Hits Ground Running’ in 2016 as UK House Prices Accelerate

 

 

UK property asking prices have “hit the ground running”, reaching an all-time record high of almost £300,000, new data suggests.

The average house price reached £299,287 after rising 2.9% over the month. The figure is an increase of £8,324 or 2.9% from the average asking price in January, and is £2,738 above the previous all-time high set in October 2015.

The biggest increases were in London, where the average asking price has risen by 10.5% over the last year, to £643,843, and in the East, where it rose 10.7% to £321,630.

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