House prices in the UK surged to a record this month with a tax break on purchases and rock-bottom interest rates prompting a “buying frenzy,” the property website Rightmove said.The average cost of a home rose 2.1 per cent to £327,797 (US$450,983) in April, marking only the second time in the past five years it rose that much in a single month. Almost a quarter of sales were for properties on the market less than a week, with larger homes outside London snapped up quickest.The figures reflect…
Source : South China Morning Post
Read more…UK’s April average home price rises to a record level in buying frenzy, property website Rightmove says