House price rises at four-year high

House price inflation in England and Wales has hit its highest level for almost four years, according to new figures.

Research from Hometrack found that in March the cost of a typical home jumped by 0.8%, up from a 0.7% rise in the previous month.

It helped push the annual rate of inflation up to 6.7% – the highest year-on-year growth since June 2003.

The price of a typical home in England and Wales in March was recorded at £173,400, the latest housing survey showed.

Channel 4 – News – House price rises at four-year high

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