House prices inched upwards for a third straight month in March, according to an influential index, but the rate of annual growth was the weakest in nearly three-and-a-half years.
The average sale price stood at £287,880 last month, a rise of 0.8pc from £285,476 in February, according to lender Halifax.
However, this increase was slower than the 1.2pc recorded in February.
The annual rate of house price growth slowed to 1.6pc, down from 2.1pc record the previous month and the lowest since October 2019.
It comes as rival lender Nationwide said house prices have fallen by 3.1pc in the biggest annual decline since July 2009.
The building society said property values recorded a monthly decline of 0.8pc between February and March, marking the seventh consecutive drop.
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2023-04-06 07:07:51Z
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