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With the demand for new homes outstripping the supply, the average selling price for property in the UK is set to receive a boost of around £2,000 this month.

The rate of house price increases lost momentum in February, according to the latest Halifax House Price Index.

The average price of a house coming to market increased by over £1500 this month, as a mix of high demand and lower supply continues to push up house prices.

According to Halifax’s House Price Index, house price growth was at 5.4 per cent in January, a decrease from 6 per cent in December.

If you’re keen to take advantage of the boom that the property market is experiencing, you might be considering undertaking a series of home improvements to boost the appeal, and maybe the value, of your home.

Alexander Jacob - Letting and Estate Agents in Retford