Under the uncertainty of the Middle East situation, UK house prices declined in March

LootboxPhobia · 2026-04-08T07:26:42+00:00

Investing.com - According to data released by Halifax(Halifax) on Wednesday, UK house prices fell by 0.5% in March, with the average property price dropping to £299,677.This decline came after a 0.3% increase in February. The annual growth rate slowed from 1.2% last month to 0.8%.Use InvestingPro to track the latest updates on UK stocksHalifax mortgage director Amanda Bryden(Amanda Bryden) said that the slowdown in growth reflects uncertainty brought about by conflicts in the Middle East. Concerns about rising energy prices are pushing up inflation expectations, leading to higher mortgage rates and reducing the market’s confidence in rate cuts this year.Northern Ireland continues to lead the UK in annual house price growth, with the average house price rising 8.7% over the past year to £224,809. Scotland’s annual growth rate is 4.4%, with the average house price

LootboxPhobia

2026-04-08 07:26:42

Investing.com - Based on data released by Halifax on Wednesday, UK March home prices fell 0.5%, with the average property price dropping to £299,677。

The decline came after a 0.3% increase in February. The annual growth rate slowed from 1.2% last month to 0.8%。

Use InvestingPro to track the latest developments in UK stocks

Halifax mortgage director Amanda Bryden said the slowdown in growth reflects uncertainty stemming from the Middle East conflict. Concerns about rising energy prices have pushed up inflation expectations, leading to higher mortgage rates and reducing market confidence in rate cuts this year.

Northern Ireland continues to lead the UK in annual home-price growth, with the average price up 8.7% over the past year to £224,809. Scotland’s annual growth rate was 4.4%, with the average price at £222,716.

Home prices rose 5% year-round in the Northeast to £184,119, while the Northwest saw an annual growth rate of 3.1%, with the average price at £247,442.

Prices in the South market have eased. The Southeast posted the biggest decline, with prices down 1.9% year over year to £383,573, while London’s average price fell 1.2% to £536,751.

UK house sales increased in February, with the total number of seasonally adjusted residential transactions rising to 102,410 units, up from 96,940 in January by 5.6%. This is the highest monthly transaction figure since March 2025.

According to data from the Bank of England, the number of mortgages approved for home purchases rose 3.9% to 62,584 in February.

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