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U.K. Property Boom Will Last Another Year, Rightmove Says

  • Strong demand will be sustained in the first quarter of 2021
  • Asking prices rise 6.6% in December from a year earlier
Residential Housing As U.K. House Prices Jump Most Since 2016 in Post-Lockdown Boom
Photographer: Jason Alden/Bloomberg

The surge in U.K. property prices will persist into next year as housing needs outweigh economic uncertainty, according to Rightmove.

It predicts asking prices will climb 4% in 2021 as this year’s unprecedented demand spills into the coming months. Currently there is a logjam of 650,000 properties in the market, with prices up 6.6% compared to this time last year, the property website said.