UK house prices keep growing
THE recent momentum in house prices continued into June, with prices growing 0.4 per cent over the month, according to Hometrack.
The increase matches that seen in May as the highest rise in a single month since June 2007.
The ongoing shortage of housing for sale, continued growth in demand and improving market sentiment are combining to push prices higher.
There is a clear divide in market performance between London and southern England and the rest of the country. While underlying conditions have improved across all regions, prices were unchanged in four areas, including Yorkshire.
Hometrack says a widening gap between supply and demand is driving up prices.