UK housing market on hold due to coronavirus crisis – Halifax


Britain’s housing market is largely on pause due to the coronavirus crisis which will make it hard to calculate price changes ahead, but it is too early to gauge the long-term impact of the government’s shutdown, mortgage lender Halifax said.

Halifax said house prices in March were flat month-on-month after a 0.2% rise in February. A Reuters poll of economists had pointed to a 0.1% uptick.

In annual terms, house prices rose 3.0% in March, speeding up from growth of 2.8% in February but a smaller increase than the Reuters poll forecast of 3.3%.