Houses rise by £8000 a month
House Prices Rise by £8000 a month
House prices rose by a record £8000 last month, figures show.
The 3.6% per rise is the largest monthly rate of increase in 5 years. Annual house price inflation rose from 12.2% in March to 15% this month, estate agent Rightmove's House Price Index showed.
It pushed the average asking price of a home in England and Wales up to £236490 - a leap of nearly £31000 from the same time last year.
The bullish figures contrast with speculation that the housing market is cooling in advance of another interest rate rise, expected next month. Council of mortgage lenders figures showed in february the number of first time buyers entering the property market hit its lowest level for nearly 2 years...
However, property experts say the Rightmove figures were caused by the traditional 'Easter bounce', a continued shortage of supply and high demand from buyers.
Article: Metro on the 16th of April
House prices rose by a record £8000 last month, figures show.
The 3.6% per rise is the largest monthly rate of increase in 5 years. Annual house price inflation rose from 12.2% in March to 15% this month, estate agent Rightmove's House Price Index showed.
It pushed the average asking price of a home in England and Wales up to £236490 - a leap of nearly £31000 from the same time last year.
The bullish figures contrast with speculation that the housing market is cooling in advance of another interest rate rise, expected next month. Council of mortgage lenders figures showed in february the number of first time buyers entering the property market hit its lowest level for nearly 2 years...
However, property experts say the Rightmove figures were caused by the traditional 'Easter bounce', a continued shortage of supply and high demand from buyers.
Article: Metro on the 16th of April
posted by Ben Jooste at 6:20 pm
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