House prices have recorded their strongest year-on-year growth in 18 months, in further signs that the market is gathering momentum, Nationwide has reported.
Separate Land Registry sales figures for England and Wales released today showed that house prices rose by 0.4% month-on-month in April to reach £161,458 on average, making them 0.7% higher than a year ago.
Prices in London, which has had strong demand from overseas buyers, were 6.2% higher year-on-year, at £375,795 typically.
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