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UK house prices surge as high demand meets record shortage of homes for sale

Government to unveil new 95% mortgage guarantee scheme as Rightmove says average asking price rose 2.1% in April

A frenzy of activity has driven UK property prices to a record high this month, just as the government launches a mortgage guarantee scheme to help people with small deposits on to the housing ladder.

Online property portal Rightmove said the average asking price jumped by 2.1% in April to a new all-time high of £327,797, an increase of £6,733 from March.

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Read the original article at The Guardian

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