Strong sales as house prices resume their upward march

HOUSE prices have shot up, along with sales.

For the first quarter of 2010 the median average local market home cost £364,088, according to the Policy Council's property prices bulletin, released today.

This represents an annual increase of 25.9% and a quarterly one of 10.2%.

The fourth-quarter moving average figure, which is designed to eliminate some seasonal fluctuations by taking a mean average over a year, was £346,369.

Swoffers estate agency director Spencer Noyon said the trend was clear, although he warned that one set of figures taken on their own could be misleading.

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