House prices increased by 8.2 per cent annually in April, passing a record high set the previous month, according to Halifax.
Across the UK, the average house price in April was £258,204, with property values increasing by 1.4 per cent month-on-month.
Russell Galley, managing director at Halifax, said: "House prices in April eclipsed the record high set the month before (£254,604) as the market continued to maintain its recent momentum. "In cash terms, almost £20,000 has been added to the value of the average home since the market had essentially come to a standstill in April 2020." Last month home experts at Hamptons revealed that almost one in five properties are being fiercely fought over, with sellers receiving offers from five or more.
Read more on dailyrecord.co.uk
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