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The property market has surged, with the average price of property coming to market, as well as demand being at an all-time high.

The unexpected extension of the tax break for property purchases announced by the Chancellor of the Exchequer Rishi Sunak in his March Budget has revived a fading boom in housing market activity, according to the Royal Institution of Chartered Surveyors (RICS).

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.

Alexander Jacob - Letting and Estate Agents in Retford