House price growth breaks double-digit mark in April
April marks double digit house price growth for the first time in four years with the average price of a UK home reaching £183,577. Year on year growth for April sits at 10.9 percent according to Nationwide.
Alex Gosling, Managing Director of Housesimple.co.uk, says: 'Our figures show that since the start of the year more than a third of London properties have sold above asking price, as buyers bid against each other desperate not to miss out in fear that prices may run away from them.
'The problem is that sellers are either not in a rush to put their houses on the market as they look to cash in on booming prices, or they're simply not in a position to sell.'
See full article online: http://www.moneyobserver.com/news/01-05-2014/house-price-growth-breaks-double-digit-mark-april