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UK house prices grew in March at fastest pace since August 2007

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Stamp duty holiday and working from home has led some to seek bigger properties with gardens in leafy locations outside cities

House prices across the UK grew at the fastest pace in March since shortly before the financial crisis hit in 2007, according to official figures.

With buyers rushing to take advantage of the government’s stamp duty holiday, extended to the end of June, the average UK house price climbed 10.2% in the year to March, up from 9.2% in February. This is the highest annual growth rate the UK has seen since August 2007, said the Office for National Statistics.

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