Trending higher: A terrace of residential houses on Lowndes Square, Belgravia, in London. Home values are now above their pre-financial crisis peaks in every region of the UK. ─ Bloomberg
THE average price of a home in the United Kingdom has surpassed a quarter of a million pounds for the first time after the housing market defied the coronanvirus crisis to post the biggest jump in more than six years.
The 8.5% increase in December from a year earlier was the largest since October 2014 and took the cost of buying a property to £251,500 (US$349,000), according to Land Registry figures published by the Office for National Statistics.
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