House prices are rising in all regions of the UK and pretty quickly at that.
The Office for National Statistics (ONS) said the average price of a UK home hit £260,000 in April 2014 after leaping by 9.9% across the year.
In some areas this rise has been much quicker. London\'s average price hit £485,000 after rising by 18.7%. In others, much slower. Northern Ireland saw a 2.6% increase to £132,000.
Prices are rising because of higher demand and a constrained supply. Demand is driven by a recovering economy and cheap mortgages thanks to the Bank of England\'s record-low 0.5% base rate.
But, according to the ONS house price indices for the various regions, house prices are still yet to reach their pre-crisis peaks in many parts of the UK.
Here\'s an infographic from the ONS made from its house price data.