House prices leap upwards - Rightmove

Figures in the Survey suggest the average property price in Wales and England is up 2.1% in the past month, compared with a fall of 0.1% in the first month of the year. This is the biggest monthly rate of increase since October 2003. The average house price now stands at £174,506 - forcing potential buyers to pay almost £4,000 more for the same property than a month ago. Rightmove says strong renewed buyer interest and a shortage of properties continue to push prices upwards. Demographically, all regions experienced a rise apart from the East Midlands, Yorkshire & Humberside and th...