UK property boom to last another year

The surge in United Kingdom property prices will persist into next year as housing needs outweigh economic uncertainty, according to Rightmove.

It predicts asking prices will climb 4% in 2021, as this year’s unprecedented demand spills into the coming months. There is a logjam of 650 000 properties in the market, with prices up 6.6% compared to this time last year, the property website said.