【Knight Frank】Endgame in sight for strong UK house price run

Annual house price growth was at its highest level since 2004 in March, hitting 14.3% according to Nationwide.

The lender highlighted that the race for space had seen the average price of a detached property increase by £68,000 since the onset of the pandemic, compared to a rise of £24,000 for flats.

It added that the trend was making it harder for people to trade up, with the average price gap between flats and terraced houses in the UK having doubled since the onset of the pandemic (from £12,000 to more than £25,000).

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