Yorkshire Bank have issued their quarterly survey confirming that the housing market is very much alive and getting hotter.
In Cornwall, Devon and Yorkshire price hiking is very much back in fashion with 7% of buyers prepared to offer above the asking price to obtain what they want. The average across the UK for gazumping is about 10%, they said.
Many people expect their houses to rise in value although our view is that people should be very careful as there are likely to be interest rate movements in an upward direction later this year if the economy does not slow down. You have been warned.