Steady Growth in UK House Prices

The United Kingdom's housing market demonstrated resilience with house prices rising by 3.9% annually in March, as reported by the Nationwide House Price Index. This growth rate mirrors February's figures, indicating a stable trend in the market.

Monthly Trends and Average Prices

On a seasonally adjusted monthly basis, the index remained unchanged. However, the average house price in the UK saw a slight increase to £271,316 in March from £270,493 in February.

Expert Insights

Robert Gardner, Nationwide's Chief Economist, commented on the trends: "The stability in price growth is expected, especially with the stamp duty holiday concluding at March's end." He anticipates a temporary slowdown in the market as buyers rushed to meet the deadline, potentially softening activity in the upcoming months.