Average UK house price increased by 0.8% in March, says Halifax

The typical house price in March was £287,880, which was about 2% below a peak reached last August, according to Halifax’s report.

The average UK house price increased by 0.8% month on month in March, according to Halifax (Gareth Fuller/PA) (PA Archive)

The average UK house price increased by 0.8% month on month in March, with the recent easing of mortgage rates helping to support the property market, according to an index.

However, the annual rate of house price growth has slowed to its weakest level in more than three years, according to Halifax.

The annual rate of house price growth eased to 1.6% in March.