8 Apr

UK house prices 'rose last month'

UK house prices 'rose last month'

House prices in the UK increased last month, new figures produced by Halifax show.

According to its latest index, the value of homes around the country rose by 1.1 per cent over the 31-day period.

This took the average value of residences to 9.1 per cent above a low point reached in April last year.

The typical price of a property stood at £168,521 in March, Halifax found.

In addition, the firm revealed that values over the first three months of 2010 as a whole went up by 0.6 per cent compared with the first quarter of last year.

The government is hoping to boost the housing market yet further as a result of its raising of the stamp duty threshold for first-time buyers to £250,000. This is double the previous level of £125,000.

Alistair Darling announced the move during his Budget speech last month and the change was implemented immediately.

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