House prices in the East of England have increased £56 per day in the first quarter of 2018, according to data recently released by property portal Zoopla.
Zoopla reports that in January to March 2018, house prices in the region increased £5,047 on average. This takes the average price of a property to £360,695 up 1.42 per cent.
Across the UK, home values have risen at the start of the year, in total £114 billion has been added to the total value of British property, a positive sign for homeowners when compared to the same period in 2017 that saw the market shrink by £29 billion. The total value of the current property market in the UK now stands at £8.3 trillion.
With buyer activity and interest increasing further in April, as the weather starts to improve, it is highly likely we will see the price growth continue in the second quarter of the year.
We predict the solid demand and a slight lack of properties available to buyers will deliver a modest price increase in the year of around 3 to 5 per cent.
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