UK house prices rose 1.3%

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Monday, Mar 20 2017

UK house prices rose 1.3%

The Midlands has powered to the top of the UK’s house price growth, as demand wanes in previous strongholds. Online property portal Rightmove said that asking prices in the East and West Midlands increased by 2.1pc in March. Across the country, the average growth was 1.3pc this month, but annually properties have only increased in value by an average of 2.3pc. In the East Midlands, the average annual rate of growth is 5.7pc.

This signals a slight uptick in growth in the background of a slowing market. Miles Shipside, director of Rightmove, said: “Since the start of the decade, the average March price rise has been 0.9pc, so this month’s 1.3pc uplift is an indicator of a shortage of suitable property for sale in many parts of the country, with strong demand for the right property at the right price.”

More in this category: « Empire State Manufacturing Index edged down to 16.4 German PPI increased less than expected »

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