April 7, 2023

New data from Halifax reveals that only two UK regions, Greater London and the North East, experienced stable annual growth in house prices in March, with no slowdown observed. The average home price in the capital is now £537,250, showing a marginal increase of 0.1% compared to last year. In the wake of the pandemic-induced desire for spacious living, home buyers are searching for more reasonably priced areas, causing London’s house price growth to lag behind that of the rest of the country. Throughout the UK, house price growth has decelerated to its lowest point in over three years. As