The coronavirus pandemic has damaged the UK economy and caused a recession, household incomes have decreased, and a rise in unemployment looms on the horizon as the furlough scheme is due to come to an end in October.
The average house price in August this year was £245,000 ($309,853) which is up 1.6% from July and 5.2% from August 2019. This is despite the economy tanking elsewhere.
So why have house prices have skyrocketed?
Check out our video to find out why.