House prices surged by almost £20,000 annually in April, passing a record high set the previous month, according to Halifax (Gareth Fuller/PA)House prices surged by 8.2% annually in April, passing a record high set the previous month, according to an index. Across the UK, the average house price in April was £258,204, Halifax said. Halifax predicts that the pace of house price growth will slow later in the year. Russell Galley, managing director, Halifax, said: “House prices in April eclipsed the record high set the month before (£254,604) as the market continued to maintain its recent momentum. Our latest #HalifaxHPI📈 shows that the stamp duty holiday continues to add impetus to an extremely active market, with house prices up 1.4% month on month.

Source: Irish Independent May 10, 2021 08:15 UTC