Home Residential Property Fastest house price rise in five years is “approaching madness”

Fastest house price rise in five years is “approaching madness”

by Deleted Subscriber Content
7th Mar 14 10:32 am

UK house prices rose at the fastest rate in five years in February, going up by 2.4% – far outstripping expectations.

According to the Halifax House Price Index, prices also rocketed 7.9% year-on-year to an average of £179,872.

Speaking in the Telegraph, Oliver Atkinson, director at urbansalesandlettings.co.uk, said in parts of Britain “the momentum is approaching madness, as price rises continue to accelerate”.

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