House prices hit record high in March surge: Halifax
By
Gary Adams
9
th April 2021
9:52 am
The average house price in the UK grew 1.1 per cent from February to March, the latest Halifax house price index shows.
By Halifax’s numbers this is the first monthly rise seen since November 2020.
It also adds up to an annual rise of 6.5 per cent, which brings the average house price up to £254,606.
The lender says that government support measures and tightening supply of homes for sale will support prices in the short term.
“However,” says Halifax managing director Russell Galley, “with the economy yet to feel the full effect of its biggest recession in more than 300 years, we remain cautious about the longer-term outlook.