from Gold Core:
The speed UK property prices are surging at is “approaching madness”, analysts have warned, after UK data showed house prices jumped 2.4% in February alone, the biggest monthly increase in five years.
According to the Halifax House Price Index, prices also surged 7.9% year on year to an average of £179,872. This marks the strongest price gains since October 2007, prior to the global financial crisis.
Speaking to the Telegraph, Oliver Atkinson, director at urbansalesandlettings.co.uk, said in parts of Britain “the momentum is approaching madness, as price rises continue to accelerate”.
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