Monthly house price growth of 1.4%

Monthly house price growth of 1.4%

Halifax’s latest house price index for March is in, reporting another new record in average house price at £282,753. The biggest monthly increase for six months. Two years on from the first lockdown, house prices have now risen by £43,577 South West overtakes Wales as UK area with strongest house price inflation Cost of living pressure likely to slow the rate of house price growth this year Oli Bland, Head of Lending at Black & White Bridging commented: “UK house price growth rates of 1.4% per month or 16.8% per annum mean that as an asset, capital growth in real estate is currently outperforming global financial assets. Such rates are very attractive to the investor market, which may be where part of the buoyancy is coming from, however this could be the peak as first time buyers could be put off by such high barriers to entry.