The average house price surged by nearly £16,000 over the year to April to hit a new record high, according to a major index.

In April, the typical UK property value hit a peak of £238,831, Nationwide Building Society said, and Britain’s biggest building society predicted that house price inflation will hit double digits by June.

House prices have climbed by more than £1,300 on average per month over the past year, gaining £15,916 or 7.1 per cent on April 2020, as a property boom grips the market, driven by people seeking to move home in lockdown and take advantage of the stamp duty holiday.

https://www.thisismoney.co.uk/money/mortgageshome/article-9528941/Nationwide-tips-house-price-inflation-10-homes-hit-high.html