UK house data - asking prices rise in April ...Middle East

UK asking prices rose 1.3% year-on-year in early April, despite the end of a temporary tax break.

Buyer and seller activity increased, with more listings and house-hunters entering the market.

This contrasts with Halifax data, which showed a 0.5% monthly drop in prices, and BoE data showing a dip in mortgage approvals.

Sales slowed after the March tax break deadline, but new buyer enquiries were still up 5% year-on-year, and homes for sale rose 4%.

This article was written by Eamonn Sheridan at www.forexlive.com.

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