Revealed: Where house prices are rising the fastest and slowest in the UK
Average UK house prices fell by £1,575 in March to £296,699 (PA Archive)
Average UKhouse prices fell by £1,575 in March to £296,699, a 0.5 per cent decrease from February, according to the Halifax House Price Index.
Despite the monthly dip, annual growth remained steady at 2.8 per cent.
This follows a surge in January as buyers rushed to beat the stamp duty deadline, with demand now returning to normal.
Northern Ireland saw the strongest annual property price growth at 6.6 per cent, while London had the lowest at 1.1 per cent, but the highest average house price at £543,370.
Experts predict a modest rise in house prices for the year, citing potential further Bank of England base rate cuts and positive wage growth improving mortgage affordability, despite economic uncertainty.