‘According to figures from the ONS house prices rose 0.4% in March, from February, while they have climbed by 2.7% year-on-year.
The average home is now worth £235,000 up from £229,000. The increases were driven by big rises in the capital and the South East, where prices rose 7.6% and 3.3% respectively.
Separately, figures from the Council of Mortgage Lenders estimate that mortgage lending increased by 4% in April to the highest level in more than four years.’
Source: The Daily Telegraph