Figures reveal house price surge

Updated
Estate agent
Estate agent

House prices have risen at their fastest rate this year so far according to official figures which add to mounting evidence that the property market is bursting back into life.

Prices rose by 3.1% year-on-year in June to £242,000 on average, marking the strongest annual upturn recorded by the Office for National Statistics (ONS) in the last six months. On a monthly basis, values rose by 0.4%, equalling the increase recorded in May.
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