COVID-19 – No Match for Property Market as House Prices Hit Record High

One of the few sectors to have come through the pandemic in positive territory, property values were 6.5% higher than a year ago.

Across the UK, property values were 6.5% higher than in March 2020, Halifax said. This means the average price is around £15,000 higher than it was since the start of the national coronavirus lockdowns.

Russell Galley, managing director of Halifax, said: “Following a relatively subdued start to the year, the housing market enjoyed something of a resurgence during March, with prices up by just over 1% compared to February.”

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