From The BBC
The annual rate of UK house price inflation has hit double figures for the first time since June 2007, according to the Nationwide.
The building society said that house prices in the UK had risen by 10.5% in the year to the end of April.
Prices rose by 1% in April to push the cost of the average home to £167,802.
However, the Nationwide predicted that the past year's surge in prices would tail off later this year, with sellers starting to outnumber buyers.
The building society said that house prices in the UK had risen by 10.5% in the year to the end of April.
Prices rose by 1% in April to push the cost of the average home to £167,802.
However, the Nationwide predicted that the past year's surge in prices would tail off later this year, with sellers starting to outnumber buyers.
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