House Price Rises Weakest Since October 2019

Growth in UK house prices slowed in March, according to data from Halifax.

According to the mortgage lender, average house prices edged up 0.8% in March on a monthly basis. Growth slowed from a 1.2% climb in February. Annually, growth in house prices slowed to 1.6% in March, from the 2.1% climb seen in each of the previous three months.

This is the weakest rate of annual growth in nearly three-and-a-half years (October 2019), having fallen markedly since June 2022’s peak of 12.5%,” said Kim Kinnaird, Halifax Mortgages director.

 

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