UK house prices bounced back in March, rising by 1.1%, after having fallen in February, according to the Halifax.
The latest increase pushed the annual rate of house price inflation up to 5.2% from 4.5% in February.
The rise means that the average home in the UK now costs £168,521, nearly £11,000 higher than a year ago.
"This was the eighth rise in the past nine months, taking the average price to 9.1% above the low point reached last April," the Halifax said.
The annual rate of price inflation is now at its highest since December 2007, the Halifax said.
Let's just hope that we maintain some sort of momentum as so many sectors are dependant on it. David A. www.myestateagentjobs.co.uk
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