Signs of a housing boom emerging outside London and the South East have continued with a growth in high value properties across the rest of the UK.
Following a 2.6% rise in one month, asking prices in all southern regions reached record levels in April, with lack of supply driving growth.
The UK desperately needs to build new homes to stem the surge in house prices, an industry body has warned.
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More than three-quarters of homeowners believe high house prices are a problem for the housing market and the wider economy.
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The average house price in England and Wales was 6% below the peak of the 2007 housing market last month, figures released by the Land Registry have shown.
The number of first-time buyers transactions is 42% higher than a year ago, according to research by LSL Property Services.
New build house prices are rising more slowly than any other type of property thanks to the impact of the Help to Buy scheme, figures from Mortgage Advice Bureau have shown.
The UK housing market continued to grow at a rapid pace in January with house prices 6.8% higher than a year ago, ONS data has revealed.
The number of first-time buyers chasing properties in London has rocketed by more than 50% in the last 12 months, estate agency chain Haart has reported.
House prices in England and Wales have reached a record high after the biggest monthly rise in almost two years, figures from LSL have shown.
It might be tempting to assume that events in the Ukraine and Russia might not mean that much to Londoners and UK citizens, but in no small part the capital is directly affected by the arrival of foreign investment that results from global insecurity such as this.
The chief economist of the Royal Institute of Chartered Surveyors (RICS) has moved to calm fears of a housing bubble by stating the market is ‘gradually exhausting itself’.
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