Epic Research Singapore : U.K Market Update

Growth in British house prices cooled for the third straight month in March, despite recording their biggest annual rise in almost four years, data from mortgage lender Nationwide showed on Wednesday.
 
House prices rose 0.4 per cent last month, the slowest pace of monthly growth since June last year, slowing from an upwardly revised 0.7 per cent increase in February, Nationwide said.

But in year-on-year terms, house prices in March were 9.5 per cent higher, stronger than a rise of 9.4 per cent in the 12 months to February and the biggest annual jump since May 2010.

The average price of a house in Britain now stands at 180,264 pounds (US$300,000), about 3 per cent below the 2007 peak unadjusted for inflation, Nationwide said. "There is little doubt that the recovery in the housing market is now firmly established, with activity levels picking up and house prices recording their 15th successive monthly increase in March.
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