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 with no signs of a slowdown".
Historically low interest rates and lenders allowing prospective house buyers to borrow higher multiples against income are also pushing prices up, Wriglesworth says.
He adds: "The only economic factors that could seriously hinder future rises in house prices over the next year are a doubling of either interest rates, stamp duty or unemployment.
"No economist in the world is expecting any of these for the UK, even those at the IMF," he says.IFAonline
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