House prices in big ‘spring bounce’

HOUSE prices have recorded their biggest ‘spring bounce’ in eight years, figures show.

The typical asking price rose to £236,939 in March, up 4.9 per cent in the first three months of this year and the largest first-quarter increase since 2004, according to Rightmove.

All 10 regions of England and Wales recorded rises in March, with an average increase of 1.6 per cent – the biggest monthly rise in March since 2004.

However, year-on-year, the Midlands, Wales and the North-west have seen prices dip. The West Midlands recorded an annual fall of 2.9 per cent, taking average prices down to £181,925.