UK house prices grow at fastest rate for 17 years

Prices boom across all of UK with average price up by 33,000

UK house prices grew at the fastest annual pace since 2004 in March, continuing the ascent to new record levels - a fifth higher than at the start of the coronavirus pandemic.

Prices rose by 14.3% in the year to March, the strongest pace of increase since November 2004 when the UK experienced a housing boom that preceded the financial crisis, according to Nationwide, the UK's largest building society.