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New figures from the Bank of England show mortgage borrowing fell back to £3.3bn in April, down from a record £11.5bn in March.

UK house prices spike 11pc despite looming tax rise Surging value will continue even when stamp duty increases, experts say as properties jump at fastest pace for seven years 1 June 2021 • 8:45am House prices rose 10.9pc in the 12 months to May with double-digit increases expected to continue well into the summer. The average cost of a home reached an all-time high of £242,832 last month, an increase of £23,930 since May 2020. Last month's 10.9pc increase was the highest 12-month figure for seven years, according to lender Nationwide. The figures chime with those recorded by the Off...

House prices surge at fastest rate since 2007 Average house worth £256,000 at the end of March – 10pc higher than in 2020 19 May 2021 • 11:22am House prices in the UK surged by double digits in the year to March, at the fastest rate in almost 14 years.  The latest figures from the Office for National Statistics showed prices grew by 10.2pc, the highest since August 2007, before the financial crisis. The increase was up from the 9.2pc annual rise recorded in February. The average house price in the UK hit £256,000 in March, according to the official figures, which is £24,000 higher th...

House prices hit record high after stamp duty holiday extension Prices have risen by 6.5pc in the last year, as economists suggest growth rates could climb into double digits Market has been buoyed by Government efforts to protect against house price drops House prices surged to a record high last month in a market resurgence driven by huge buyer demand. The average price of a property in the UK rose to 6.5pc in the year to March 2020, hitting £254,606 in March, according to Halifax bank. It comes as analysis firm Capital Economics forecast house price inflation could go into double figur...