2020 ends with record high house price growth – reaction to the latest Halifax House Price Index

Following today’s house price figures from Halifax, Director of Benham and Reeves, Marc von Grundherr, commented: “The latest figures from Halifax are the proof in the Christmas pudding of a quite remarkable revival where the UK property market is concerned. I don’t think many would have predicted we would finish the year with record high levels of house price growth had you asked them back in March of last year but here we stand having weathered the storm.

“Of course, even in the hottest market conditions, some festive respite is required and so a slow in the rate of house price growth in December should be seen as nothing more than the industry pausing for breath.”

Meanwhile, Founder and CEO of GetAgent.co.uk, Colby Short, commented: “Although the current stamp duty holiday will probably fail to benefit home buyers starting their search this side of the New Year, it has certainly helped to propel the market to dizzying heights where both transactions and price growth are concerned.

“We can expect to see a slight lull in this market activity once the stamp duty holiday deadline does pass. However, the market has more than enough momentum to carry it through what should hopefully be the final national lockdown and into the traditionally busier summer months.”