House Prices Hit Record High in March

The average house price in March was the highest on record, but critics say the market is stagnant

David Brenchley 9 April, 2018 | 11:30AM

houses for sale sign, house prices, Brexit, property market

House prices in the UK hit a record high in March. With unemployment at historic lows and real inflation set to pick up, momentum in the market is beginning to build, according to commentators.

The average house price last month was £227,871, the highest on record according to the monthly Halifax House Price index. Prices in the first quarter of 2018 were 2.7% higher than in Q1 2017, up from 1.8% in February.

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About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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