First time buyers are rushing to the property market before prices spiral out of their grasp says the Sunday Telegraph (20th April).  Figures from the Halifax supplied to the paper suggest that record numbers of first time buyers aged 20-45 are turning to family for help.

Property website Rightmove says that house prices have reached a record high (14 April) because of a "ridiculously tight" supply of homes.  Prices rose to a new peak of £262,594 in England and Wales it says, up over 7% on last year.  The figure is up 2.6% on last month's previous record of nearly £256,000.

Property sales in the first quarter of 2014 were the highest for six years the Royal Institute of Chartered Surveyors says today (10 April).  Demand is rife throughout the UK with activity at levels last seen before the crash of 2008.  RICS has revised price increases for the year from six to eight per cent.

The Halifax today (4th April) reveals that house prices were up 8.7% in March compared with the previous year, the highest rate since October 2007.

Figures from the Land Registry today (28th March) show a two pace house price variance across the UK.  At the end of February prices in London were up 13.8% but down 1.3% in the north east on the previous year.  The average home costs £170,000 - a 5.3% increase on the previous year.

Figures today (25th March) show that UK house prices increased by 6.8% compared to a year earlier according to the Office of National Statistics.  The British Bankers' Association today confirms that mortgage borrowing is now at its highest level since August 2008.

The Chancellor George Osborne forecasts that the economy with grow by 2.7% in 2014 (19th March). 

Chancellor George Osborne has announced (17 March) that the Help to Buy scheme for new homes will be extended until 2020 leading to 120,000 being built.  He says the initiative means "more homes, more aspiration for families and more economic security and economic resilience."

The British Chambers of Commerce forecasts that the economy will hit pre recession levels by the summer (March 10).  It predicts that in the second quarter beginning in April, GDP will exceed the level seen at the start of 2008.Smile

Data from the Halifax has shown that house prices jumped 2.4% in February (7 March) outstripping analysts' expectations of a 0.7% rise.  Stephen Noakes, mortgage director for the Halifax said the improving economy, falling unemployment, growing consumer confidence and low interest rates are boosting the market.