In March 2026, house prices in the UK increased by 0.9% compared to February, according to Nationwide Construction Association. This is the fastest increase since December 2024. For comparison, in February, the increase was only 0.3%, while economists expected no more than 0.6%.
The average house price in the UK has reached 277 186 pounds. In annual terms, price growth accelerated from 1% in February to 2.2% in March.
However, as Nationwide warns, the war in the Middle East has clouded prospects. Financial markets are now expecting the Bank of England's monetary committee to raise the base rate three times in the next 12 months. Before the conflict, analysts had predicted two rate cuts this year. In recent weeks, the average mortgage rate has already exceeded 5%.
Source: The Guardian
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