The Office for national Statistics (ONS) latest statistics shows that house prices are rising faster than inflation.
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Loans to buy-to-let investors is 31% higher by value over the year reaching the highest level since 2008.
The Halifax house price index increase of 4.6% is the fastest rise in the last three years.
The town of Salcombe in Devon is the most expensive place to buy a seaside home costing an average of over £1.2 million.
With 65% more properties on the market demand remains strong and sales of homes are 11% higher than 2019.
Buyer demand is down only -11% compared to 2019 and recovered from the September mini budget even though mortgage rates are higher.
Last year the highest house price rise was for the city of York increasing 23% and adding almost £70,000 in value for the average home.