UK housing market 'on the boil'

UK house prices rose by 7.1% compared with a year ago, Nationwide has said, prompting one analyst to suggest the market is "on the boil". The building society said the average property price had risen by £15,916 in the last year, to reach £238,831. Nationwide said increased savings during lockdown meant some first-time buyers would be better placed to afford a home. The lender also forecast that annual house price growth will reach double digits by this summer, if prices hold steady over the next couple of months.

BBC News (30/04/2021) The Daily Telegraph (30/04/2021)