The average house price in the UK is now past the £150,000 mark as lack of supply continues to push prices higher, says property research and database provider Hometrack.
House prices rose 0.7% in April according to the firm's latest findings, following equally strong rises in February and March. Hometrack blames a shortgage of new properties coming onto the market. Recent monthly house price rises continue to outdo typical monthly changes recorded last year, Hometrack adds. The average house price now stands at £150,800 - up another £1,000 compared with one month ago. Increases were reported throughout the regions with no area experiencing falling prices. John Wriglesworth, Hometrack housing economist, says "prices continue to rise strongly...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
