Average UK house prices have surged by tens of thousands of pounds in just one year, new data from Nationwide has revealed.
The cost of a typical home in Britain climbed to a record high of £265,312 in March - up more than £33,000 on the same time last year.
Property values grew by 14.3% annually – the strongest pace of increase since 2004. Prices are now 21% higher than before the pandemic struck in early 2020, Nationwide said.
