UK house prices unexpectedly contracted in March as the stamp duty break came to an end, according to the lender Halifax, before leading rates for mortgages fell in April on the back of US tariffs.
The average house price fell 0.5 per cent between February and March, following a 0.2 per cent fall in the previous month, taking the average cost to £296,699, data showed on Monday.
House prices were up 2.8 per cent from March last year, unchanged from February.
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