Economics

U.K. Property Asking Prices Increase at Quickest Pace Since 2016

Shortage of homes on offer collides with strong demand
Squeeze may loosen as more sellers seek to list homes for sale

Britain’s housing market is booming despite the end of a temporary tax break last year. — Britain’s housing market is booming despite the end of a temporary tax break last year.
Photographer: Darren Staples/Bloomberg

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By Philip Aldrick

January 17, 2022 at 12:01 AM UTC

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Asking prices for U.K. homes rose at the fastest annual rate in almost six years as the number of available properties dropped to a record low.