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The Independent UK
The Independent UK
Business
Vicky Shaw

How much the average UK house price increased in March and why

United Kingdom Inflation Office for National Statistics England JacksonStops
New houses being constructed as house prices across the UK continue to rise - (Gareth Fuller/PA Wire)

UK house prices surged 6.4 per cent annually in March, reaching an average of £271,000, according to the Office for National Statistics (ONS).

This acceleration from February's 5.5 per cent growth coincided with a rush of homebuyers seeking to complete purchases before the April conclusion of a stamp duty holiday in England and Northern Ireland.

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