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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

UK house prices rose sharply in March but Iran war expected to cause slowdown

Couple viewing property listings in estate agent window
The average price of a UK home now stands at £277,186. Photograph: Maureen McLean/Shutterstock

UK house prices increased at the fastest rate in almost 18 months in March, although surging mortgage rates amid the Iran war are likely to lead to a market slowdown, according to Nationwide.

The UK’s biggest building society said the price of a typical UK home increased by 0.9% month on month in March, the largest increase since December 2024.

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