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U.K. Home-Price Growth at Four-Year High in Rush for Green Space

(Bloomberg) — Surging demand pushed U.K. house-price growth to the highest level in four years as city dwellers sought homes with bigger backyards.



a tall building in a city: A terraced row of residential housing sit in the Muswell Hill district, in view of the Canary Wharf financial, business and shopping district of London, U.K., on Tuesday, July 31, 2018. U.K. house prices bucked their recent trend with a modest pick up in growth in July, according to Nationwide Building Society.


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A terraced row of residential housing sit in the Muswell Hill district, in view of the Canary Wharf financial, business and shopping district of London, U.K., on Tuesday, July 31, 2018. U.K. house prices bucked their recent trend with a modest pick up in growth in July, according to Nationwide Building Society.

Inquiries, sales and new listings all rose in August, according to the Royal Institution of Chartered Surveyors. Its measure of price gains was the highest since 2016, and property agents said they expect homes with outdoor space will become even more desirable as more people work remotely.

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The report comes amid concerns that the bounceback from the coronavirus is under threat from renewed outbreaks, the end of government subsidies and a

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