- Average UK house prices fell by £1,575 in March to £296,699, a 0.5 per cent decrease from February, according to the Halifax House Price Index.
- Despite the monthly dip, annual growth remained steady at 2.8 per cent.
- This follows a surge in January as buyers rushed to beat the stamp duty deadline, with demand now returning to normal.
- Northern Ireland saw the strongest annual property price growth at 6.6 per cent, while London had the lowest at 1.1 per cent, but the highest average house price at £543,370.
- Experts predict a modest rise in house prices for the year, citing potential further Bank of England base rate cuts and positive wage growth improving mortgage affordability, despite economic uncertainty.
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Revealed: Where house prices are rising the fastest and slowest in the UK
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