-
UK annual house price growth slows in March as North West sees strongest growth in first quarter of 2021
“Annual house price growth slowed to 5.7% in March, from 6.9% in February. Prices fell by 0.2% month-on-month, after taking account of seasonal effects, following a 0.7% rise in February. “Given that the wider economy and the labour market has performed better than expected in recent months, the slowdown in March probably reflects a softening of demand ahead of the original end of the stamp duty holiday before the Chancellor announced the extension in the Budget. “Recent signs of economic resilience and the stimulus measures announced in the Budget, including the extension of the furlough scheme and the stamp ... (full story)