House prices went up to a record £8,307 in April, so Rightmove has revealed.
Over the last few weeks asking prices have soared by their largest ever monthly amount.
According to online estate agent Rightmove.co.uk which monitors 80% of UK property market, average asking prices for houses on the market in April were a record £8,307 higher than those in March.
That equates to the average house price increasing by £100,000 a year should the trend continue each month.
Rightmove does not consider this to be a new boom, yet an increase as a result of a "unique" set of market conditions.
These conditions include the usual Easter increase in house prices, as well as an ongoing shortage of supply, great demand, and mortgage lenders trying hard to accommodate buyers.
In addition, the introduction of home information packs (Hips) has ensured the housing market is boosted further.
Each property on the market post June 1st is going to have to come with a Hip supplied. This could cost many hundreda of pounds, so Britons are being asked to put their homes on the market prior to the deadline, should they even not be serious about selling immediately.
Once the property is on the market, it can remain stay for sale until November when they will be required to have a Hip.
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Asking Prices of Houses Rise as Hips Come Nearer Tue, 17 Apr 2007
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