Average UK house price falls by £1,575 month on month: Halifax

House prices jump across the UK with one region up nearly 7% - where are the biggest increases?

UK house prices fell by £1,575 in March, according to Halifax's latest index. While they were down month-on-month, values rose compared to this time last year. The average home value dropped to £296,699, down from £298,274 in February, but many regions enjoyed yearly growth, with the biggest jump in Northern Ireland. There was a month-on-month decrease of 0.5 per cent, while the annual growth rate remained steady at 2.8 per cent.The decline foll…

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Average UK House Price Falls by £1,575 Month on Month: Halifax

The average UK house price tumbled by £1,575 in March, according to an index. Across the UK, the average value of a home in March was £296,699, down from £298,274 the previous month, Halifax said. On a month-on-month basis, property values fell by 0.5 percent typically in March. The annual rate of growth remained at 2.8 percent, which was unchanged from February. Stamp duty changes took place from April 1, with “nil rate” bands shrinking. Stamp …

UK house prices fall as market feels tax break hangover

British house prices unexpectedly fell in March, according to data from mortgage lender Halifax which represented the latest sign of a cooling in the market after a rush to buy homes ahead of the expiry of a tax break.

Average UK house price falls by £1,575 month on month – Halifax

Demand is ‘returning to normal and new applications slowing’ now that buyers beating a stamp duty deadline have completed purchases, Halifax said.

UK house prices fall unexpectedly in March

The 0.5% contraction according to Halifax contrasts with economists’ bets of a 0.1% rise