Value of UK property hits £9.5 trillion after bumper year

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Value of UK property hits £9.5 trillion after bumper year
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The average house has now gained around £16,000 in value over the last 12 months

Grainne Gilmore, head of research at Zoopla, said: “This year has been a record year for the market, with the stamp duty holiday and the pandemic-led ‘search for space’ among homeowners resulting in the highest number of sales since before the financial crisis, with 1.5 million transactions.

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