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UK house prices increase sharply again – but growth still expected to slow later this year
“The average UK house price rose again in April, up by 1.1%, or £3,078, in the month . This was the 10th consecutive month that property values have increased, the longest run of continuous gains since the end of 2016. “Housing transactions and mortgage approvals remain above pre-pandemic levels and the continued growth in new buyer enquiries suggests activity will remain heightened in the short-term. The imbalance between supply and demand persists, with an insufficient number of new properties coming onto the market to meet the needs of prospective buyers and strong competition to secure properties driving up ... (full story)