UK house prices rose by 8.5% last year amid stamp duty holiday

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Average cost in December, at record £252,000, may also reflect changing property choices in pandemic, says ONS

UK house prices climbed by 8.5% during 2020, the highest annual growth rate since October 2014, according to new official figures.

The average UK house price reached a record high of £252,000 in December 2020, pushed up in part by the stampede to beat the stamp duty holiday that is set to finish at the end of March this year.

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