This week we chat about the recent property boom which was fuelled by low-interest rates, the race for space, the stamp duty-cut and government incentives, but what Is the next step? Nationwide releases its data on the average house price index, the average cost of a house is now £260,000. This now means the average home is 20% more expensive than it was in February 2020. The house price to earnings ratio is current at 6.6 which is the highest yet. There have been 334 new instructions this week, sales are up at 146. On a macro level, the UK property market continues to have double-digit growth.