Pent up demand pushes up housing prices - 2004-03-28
House prices increased 0.7 per cent in March, according to property website Hometrack.
"Demand by new buyers is outweighing supply and the upward pressure on house prices continues.
"Low mortgage rates remain, and despite prospects of rises this year, buyers are not deterred from borrowing even higher multiples of their income to afford their desired homes," he added.
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