UK house prices fall unexpectedly in March

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In March, the prices of the British house unexpectedly agreed, as the stone suspension of duty, according to the loans, fell to the back of US tariffs in April.

The average price of the average house between February-March decreased by 0.5%, after 0.2% of the previous month, the average cost 296,699 was shown on Monday.

Home prices Since March last year, 2.8% have been announced since February.

They want analysts expectations that predicted 0.1 percentage prices a month and 3.5 percent annual expansion by LSEG query.

Amanda Bryden, mortgage overhead Halifax“said.

The stamp fee, which was presented in September 2022, when the mortgage rates were growing rapidly, ended in March.

Private house shopping for Buyers for the first time The total amount of 300,000 pounds or more than 425,000 pounds will start on April 1, not for the first time for buyers.

The decline has been a statement on US President Donald Trump on US import tariffs, which prompts global shares to slip and exchange rate rates offered by lenders.

Mark Harris, Mortgage Broker SPF CEO Mark Harris, said that if the exchange rate remained depressed, lenders can respond to five years with fixed rates, unlike 4%. “

He said:

Reese Malik, Mortgage Broker F3 in the wealth of Financial Advisor, said:

However, Ashley Webb, the British economist, says that the lenders are “likely to affect the sharp drop in market interest rates until the US tariffs are resolved.”

This year, HALIFAX’s Breiden expects “modest growth” at home, which helps the Bank of England cutting down further interest rates and salaries.

However, he noted that “potential buyers are still challenging the norm of higher loan costs to choose a limited supplier of affordable properties.”

According to Halifaks, Norfor Ireland continues to record the increase in the price of the most severe property of any nation or region, increasing by 6.6% in March.

Martin London saw the slowest cost growth by 1.1% and remained the most expensive market for 543,370 pounds.

Published numbers published last week by the lender Popular showed that home prices stopped in March. Boe reported last week that mortgage confirmations were marginalized in the first two months of the year.