Will the market keep rising?

The recent price rises have been due to strong demand from buyers, but this demand has already started to weaken as a stamp duty concession for first-time buyers ended last month, New buyer registrations grew at a more subdued rate of 2.1% in April, less than half of the 4.4% increase in March.

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South drives house price rise

House prices have risen for the second month in a row, but the whole of the increase has been driven by London and the South. Prices increased by 0.1% on average across England and Wales in April, but they were either static or fell elsewhere.