House prices surged by 10.0% annually in November 2021, official figures have shown, accelerating from 9.8% growth in October.
Experts cautioned that with general living costs such as energy bills also rocketing, it is imperative that buyers do not over-stretch themselves when chasing their “dream home”.
The average UK house price was £271,000, which was £25,000 higher than a year earlier, the Office for National Statistics (ONS) said.