Residential property prices fell by an average of 0.5% in March, compared with 0.2% growth in February, the latest Halifax House Price Index reveals.
The average property price now is £296,699, compared to £298,274 in previous month.
But despite the month-on-month dip, the annual rate of growth remains at 2.8%, unchanged from February, led by gains in Northern Ireland.
Northern Ireland continues to record the strongest annual property price growth of any nation or region, rising by 6.6% in March, house prices here average £206,620.
Scotland recorded the second strongest house price growth, increasing to +4.3% last month, compared to +3.8% in February. The average house price here is now £213,750.
Property prices in Wales were also up +3.7% in March, to an average £227,332.
In England, Yorkshire and Humberside also saw strong growth, up +4.2% compared to the previous year, with properties now costing an average £215,807.
London saw the slowest annual house price growth, from +1.5% in February to +1.1% in March. The capital retains the top spot for the highest average house price in the UK, at £543,370
Read the orginal article: https://propertyindustryeye.com/the-latest-analysis-of-movement-in-house-price-indices/
