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- UK house price inflation rises more than forecast
UK house price inflation rises more than forecast
House price
inflation in the
The ONS
house price index rose 2.7 percent year-on-year in March, faster than a 1.9
percent gain in February. Economists expected the rate of inflation to edge up
to 2 percent.
The average
mix-adjusted house price stood at GBP 235,000 during the month. On a
month-on-month seasonally adjusted basis, the price index rose 0.4 percent in
March after a flat reading in February.
House
prices in
In March,
prices paid by first-time buyers were 1.3 percent higher on average than in
March 2012. For owner-occupiers, prices increased 3.2 percent for the same
period.
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