This data was provided by Halifax consulting company, the mortgage division of the Lloyds Banking Group. Compared to February, in March, prices rose by 1.5%, while experts on average expected a rise of only 0.2%. The average cost of residential property in the UK at the end of March was 227,870 pounds ($321,300).
Analysts at Halifax notes that the availability of mortgage loans is now in the high for a decade. Experts expect that in the coming months the growth rate of house prices will be about 3%.