House price growth accelerates in March

There's been a pickup in housing market activity in recent months, with the number of housing transactions and mortgage approvals rising strongly. This is likely to have been driven, at least in part, by the changes to stamp duty land tax on second homes.

Our Chief Economist Robert Gardner comments on the figures in our latest House Price Index report, which includes regional disparity growth and current housing stock levels.

Read our March and Q1 2016 regional House Price Index report

House Price Index Headlines Mar 2016 Feb 2016
Monthly Index* 401.8 398.7
Monthly Change* 0.8% 0.4%
Annual Change 5.7% 4.8%
Average Price (not seasonally adjusted) £200,251 £196,930

*Seasonally adjusted figure (note that monthly % changes are revised when seasonal adjustment factors are re-estimated)