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UK house prices increase at fastest rate since 2004

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High demand and low supply could create conditions for housing super-boom, says Nationwide

House prices in April rose at the fastest rate since 2004 as the UK faces a potential sales “super-boom”, with buyers rushing to take advantage of the extension of the government’s stamp duty holiday.

The average UK house price rose 2.1% in April compared with March, the biggest monthly rise recorded in 17 years, according to the mortgage lender Nationwide.

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