House prices fall slightly in March

The average house price in the UK fell by 1% in March, marking the first monthly decline since September last year. According to Halifax, the average home now costs £288,430, down £2,900 from the previous month. Kim Kinnaird, Halifax's director of mortgages, said the housing market "remains sensitive to the scale and pace of interest rate changes. That a monthly fall should occur following five consecutive months of growth is not entirely unexpected, particularly in view of the reset the market has been going through since interest rates began to rise sharply in 2022. Despite this, house prices have shown surprising resilience in the face of significantly higher borrowing costs." 

BBC News (06/04/2024)   Daily Mail (06/04/2024)   Financial Times (06/04/2024)   The Daily Telegraph (06/04/2024)