UK house prices up in March – Halifax

UK house prices rose by 0.3 per cent in March, lifting the average property value to £297,781 and pushing annual growth to a 2025 high of 3.2 per cent, according to Halifax.

Halifax attributed the early-year surge in transactions to stamp duty changes, though the uptick did not translate into significant price rises.

Head of mortgages at Halifax Amanda Bryden said the past six months had seen “a stability in prices rarely seen since the pandemic”.

Falling mortgage rates, now mostly below 4 per cent, alongside real wage growth, have gradually improved affordability, she added. While inflationary pressures remain, expected interest rate cuts could support modest price growth through the year.

Northern Ireland led the annual gains with an 8.1 per cent increase, bringing the average price to £208,220. Wales and Scotland followed, up 4.7 per cent and 4.6 per cent, respectively.

In England, the North West saw the fastest rise at 4.1 per cent, while London continued to lag at 1.3 per cent, though still commanding the highest average price at £543,346.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama