House prices rally as supply grows
SEASONAL optimism has lifted house prices a further 0.4 per cent, although they remain 0.9 per cent less than in April 2010.
Supply of properties remains strong with 9.5 per cent more new properties than at the same time last year, according to thehome.co.uk.
Due to inflation and falling home values the loss on capital invested in the typical UK home has risen to around £14,800 per year.
The average time-on-market has fallen by eight days to 133 days, but remains 10 days more than in April 2010.
Buy-to-let activity has become a key market driver thanks to a rejuvenated rental sector and frustrated sellers are choosing to let out their homes.