Latest figures from the Land registry show that prices in England and Wales are continuing to rise strongly.
The annual rate of house price inflation increased to 8.5% as prices rose in April by another 0.2%, the fastest rate of growth since September 2007.
According to the Land registry, the cost of an average home now stands at £165,596.
According to the report, all 10 regions of England and Wales have experienced rising prices in the last year with London showing the strongest growth with prices up 14.8% in the twelve months to April. Prices here rose 1.6% in April alone.
Sales across the UK for the first 4 months of the year were 26% higher than in the same period last year.
