UK housing market 'on the boil' as prices rise

UK housing market 'on the boil' as prices rise
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Coastal properties have become increasingly popular
UK house prices rose by 7.1% compared with a year ago, the Nationwide has said, prompting one analyst to suggest the market is "on the boil".
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The building society said the average property price had risen by £15,916 in the last year, to reach £238,831.
The Nationwide said increased savings during lockdown meant some first-time buyers would be better placed to afford a home.
But prices could continue to rise as homes available did not match demand.
Lucy Pendleton, from independent estate agents James Pendleton, said: "This market is on the boil.

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