The latest data from Halifax has revealed that house prices in the last three months to March were 2.7% higher than in the same three months a year earlier

Key Findings

• The average price in March was £227,871.
• House prices in the latest quarter (January-March) were -0.1% lower than in the preceding three months (October-December)
• On a monthly basis, prices grew by 1.5% in March this follows a 0.5% rise in February

Russell Galley, Managing Director, Halifax, said: “House prices in the three months to March were largely unchanged compared with the previous quarter. The annual rate of growth continues to be in a narrow range of under 3%; though the average price of £227,871 is a new high.