Prices boom across all of UK with average price up by £33,000

UK house prices grew at the fastest annual pace since 2004 in March, continuing the ascent to new record levels – a fifth higher than at the start of the coronavirus pandemic.

Prices rose by 14.3% in the year to March, the strongest pace of increase since November 2004 when the UK experienced a housing boom that preceded the financial crisis, according to Nationwide, the UK’s largest building society.

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