Almost £3,500 was added to the value of the average house
during April after the property market enjoyed a spring boost. Data, which shows that annual house price
inflation has risen to its highest level since last October, runs counter to
reports from mortgage lenders and others that the market was slowing down.
According to the Office for National Statistics (ONS), the average house price
in the UK increased by 5.6% in the year to April – up on the 4.5% rate recorded
the previous month – to reach £220,094. This was £3,491 higher than March’s
figure. Read more on the ONS website.
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