The UK property market is creating new records every month in terms of growing house prices, whilst the country grapples with a crippling economic crisis.
According to the latest House Price Index report by mortgage lender Halifax, the average UK house prices rose again in March, registering a monthly increase of 1.4%, or £3,860 in cash terms - the biggest jump since September last year.
Halifax says the average UK property has increased in value by £28,113 in the past 12 months. The year-on-year rise is on a par with average annual UK earnings of £28,860 before tax.
