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House prices climbed 10.1pc in the year to March, fuelled by the tail end of the buy-to-let rush, according to Halifax, but it came with a caveat that this high level of growth could start to tail off with uncertainty ahead of the European referendum in June resulting in some softening in the housing market over the next couple of months.
The news means that now a good time to sell with the annual rate of growth up from 9.7pc last month, and prices in the first three months of this year were 2.9pc higher than in the last quarter of 2015. The annual rate has been within the 8pc-10pc range for nearly the whole period since the start of 2015. These sharp increases in house prices continue to be blamed on constricted supply and high demand for housing.
Current market conditions, however, remain very tight with an acute supply/demand imbalance continuing despite an improvement in the number of properties coming on to the market for sale in recent months.
House prices to rise around 6pc over 2016 and this, together with continuing low interest rates and a healthy labour market, indicate that house price growth is set to remain robust.

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