Hometrack forecast that residential property prices will continue to rise, albeit at a slower rate of growth.
The latest figures released by the property market analyst reveal that the average price for homes in the 20 biggest cities was 4.2% higher than in the previous three months - the biggest quarter-to-quarter increase since 2004.
Property price growth was led by London and Liverpool, with house prices in both cities rising by an average of 4.1%, fuelled by a surge in activity in the buy-to-let market as investors rushed to avoid the introduction of higher stamp duty for second homes, Hometrack said.
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