The average UK house price rose by more than £3,000 last month as a lack of properties on the market continued to drive demand.
It is the longest run of monthly rises since 2016, according Halifax, which said the typical house price was a new record of £286,079 in April – a yearly increase of 10.8%.
At the current rate of growth, the price of an average home could hit £300,000 by the end of the year, but the bank said that remains unlikely given the economic conditions predicted. Prices have increased by £47,568 on average over the past two years, Halifax said.
