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International Business Times UK
International Business Times UK
Business
Stephanie Cruz

UK House Prices Drop Below £300K — But Buying A Home Is Still Out Of Reach For Many

Iran War Drags UK House Prices Below £300,000 (Credit: Wikipedia)

The average UK house price slipped back under £300,000 in March as the war between Iran, Israel, and the United States rippled through Britain's mortgage market, according to figures released by Halifax on Wednesday.

Values fell 0.5% on the month to £299,677 ($383,000), marking the first monthly decline of 2026. Annual growth eased to 0.8%, down from 1.2% in February and short of the 1.5% rise economists had pencilled in.

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