- Annual house prices rise 5.0%
- Quarterly house prices rise 4.2%
- Monthly house prices rise 1.1%
- Average house price now £236,619
House prices in the three months to April were 5% higher than the same period last year, according to the latest data from the Halifax.
In the latest quarter (February to April) house prices were 4.2% higher than in the preceding three months, taking the average house price to £236,619. On a monthly basis, house prices rose by 1.1% in April, following a fall of 1.25% in March.
10 years since the housing market low point
April 2009 was the low point following the 2008 financial crash, when average house prices were £154,663. Since that date house prices have increased by £81,956, a 4.3% average annual increase.
Monthly home sales remain steady
101,830 home were sold in March, close to the 5 year average of 100,959 and 2.8% above the previous 12 month average, according to the latest figures from HMRC.
Mortgage approvals fall
Mortgage approvals fell from February to March below the 12 month and 5 year averages. Bank of England figures show the number of mortgages approved fell 4.6% to 62,341.
UK house prices data
|Period||Average Price £||Monthly Change %||Quarterly Change %||Annual Change %|
The Halifax House Price Index is the UK’s longest running monthly house price series with data covering the whole country going back to January 1983.