10 May 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.