UK

House prices up by 1.3% in March

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The property market across the Midlands is helping average UK house prices to maintain healthy springtime gains, figures reveal today.

The average UK price increased by 1.3 per cent in March, which was the same rate as the same month last year when buy-to-let investors were rushing to snap up properties ahead of a tax crackdown.

It was also the biggest March increase in property values since 2007, according to the Rightmove house price index. But the annual growth rate is down to 2.3 per cent, compared to 7.6 per cent in March 2016.

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