The latest data and analysis from Halifax (one of the UK’s largest mortgage lenders) has revealed that UK house prices in the last three months to March were 2.7% higher than in the same three months a year earlier, edging up from the 1.8% annual growth recorded in February. According to the lender’s figures, the average price in March was £227,871.

House prices in the latest quarter (January-March) were -0.1% lower than in the preceding three months (October-December), the second consecutive decline on this measure. On a monthly basis, prices grew by 1.5% in March, this follows a 0.5% rise in February; monthly changes can of course be volatile