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inflation in the
The ONS house price index rose 2.7 percent year-on-year in March, faster than a 1.9 percent gain in February. Economists expected the rate of inflation to edge up to 2 percent.
The average mix-adjusted house price stood at GBP 235,000 during the month. On a month-on-month seasonally adjusted basis, the price index rose 0.4 percent in March after a flat reading in February.
In March, prices paid by first-time buyers were 1.3 percent higher on average than in March 2012. For owner-occupiers, prices increased 3.2 percent for the same period.
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