Reading houses: see how much house prices have skyrocketed during the coronavirus pandemic in your area

Berkshire house prices have exploded during the pandemic, with some areas £ 30,000 more than a year ago.

The region is following the national trend, which has seen prices skyrocket due to the impact of the pandemic and stamp duty cuts leading to higher asking prices.

The upper area was West Berkshire, the house averaged £ 372,922 in June this year.

READ MORE: Rising house prices cools in many areas as stamp duty cuts come to an end

This is an increase of 9.8% from the £ 339,701 seen in June last year, according to new figures from the Office for National Statistics.

In Reading, prices were up 4.5% from £ 283,625, meaning houses are worth £ 12,636 more than last year. The smallest increase was seen in Bracknell Forest, where prices rose 2.3% from £ 338,644 to £ 346,438.

Nationally, average house prices rose 13.2% in the year through June 2021. This is the biggest increase the UK has seen since November 2004.

This means the national average price is a record £ 266,000, up £ 31,000 from the same period last year.

Growth was strongest in the northwest, where prices rose 18.6%. The lowest was in London, with 6.3 percent.

Stamp duty reductions were put in place during the first foreclosure in 2020, and the ONS suggests the changes may have allowed sellers to charge higher prices as overall buyer costs are reduced.

The suspension came in England in July 2020 and means properties worth up to £ 500,000 would not be taxed, while the threshold for Scotland and Wales was £ 250,000.

The tax holiday will end in England on September 30.

The figures also show that demand for single-family homes increased 15.6% nationwide, with an increase of 13.5% for semi-detached homes and 14% for terraces. Apartments only saw their prices increase by 8.4% over the year.

Bank of England analysis shows that there was a strong demand for housing across the UK.

The shortage of homes for sale has also pushed up prices.

The Royal Institution of Chartered Surveyors said June was a good month for sales, but demand from new buyers eased as the stamp duty holidays began to end.



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Rising house prices in Berkshire

Bracknell Forest

Average price June 2021: £ 346,438

Average price June 2020: £ 338,644

Percent change: 2.3

Reading

Average price June 2021: £ 296,261

Average price June 2020: £ 283,625

Percent change: 5.7%

West Berkshire

Average price June 2021: £ 372,922

Average price June 2020: £ 339,701

Percent change: 9.8%

Windsor and Maidenhead

Average price June 2021: £ 494,064

Average price June 2020: £ 466,463

Percent change: 5.9%

Wokingham

Average price June 2021: £ 440,117

Average price June 2020: £ 417,001

Percent change: 5.5%

Quagmire

Average price June 2021: £ 304,062

Average price June 2020: £ 287,755

Percent change: 5.7%

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About Mary Moser

Mary Moser

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