UK Housing Market Shows Mixed Signals in March
Despite a slight monthly drop in average prices, the market remains resilient with regional variations.
- The average UK house price fell by 0.2% month-on-month in March, but annual growth remains positive.
- Northern regions of England and Northern Ireland report annual price increases, while the south sees declines.
- London's housing market demonstrates resilience with a 1.6% annual price growth.
- Consumer sentiment and housing affordability are improving, potentially boosting future market activity.
- Economists expect house prices to rise by 4% year-over-year in 2024, despite current market volatility.
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