House prices rose by the highest ever monthly amount in April, according to the latest data.
Bank of England officials must now judge whether there is any danger that the current boom will end in bust, and balance any interest rate rise to quieten house price rises against the effect on the pound.

This week, in its monthly snapshot of UK house prices, the Nationwide building society announced that April saw prices surge by 3.4 per cent on figures for the previous month.

Overall, prices now stand 16.5 per cent higher than at the same time last year, and growth has been fuelled by the continuation of the lowest mortgage rates for 38 years.

Source

Housing Today