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%.