House prices ‘rebounded in April’

House prices ‘rebounded in April’

UK house prices picked up in April following a fall in values the previous month, according to the country’s biggest mortgage lender.

The Halifax, part of Lloyds Banking Group, said property values rose by 1.1% in April compared with March when prices fell 1.25%.

The annual rate of growth almost doubled with house prices up 5% compared to a year earlier when house prices dropped.

The average home is valued at £236,619.

Compared with 10 years ago, which was the trough in house prices amid the financial crisis, the typical UK property has risen in value by £81,956, the equivalent of a 4.3% average annual increase.

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