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House prices shoot up in UK towns as ‘race for space’ continues apace

Taunton, Somerset, records biggest average price hike as homeworking buyers spend lockdown savings

The “race for space” between homebuyers has pushed up prices in some UK towns by about a fifth this year, with Taunton topping a list of areas with the biggest increases.

The average price paid for a property in the Somerset town increased by £56,546 (21.8%) to £315,759 in the 12 months to October, according to figures from the mortgage lender Halifax.

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Read the original article at The Guardian

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