House prices rise slightly by 0.3% in March although market recovery begins to slow, according to Halifax

House prices sign outside of a brick house
House prices rose 0.3% in March, according to Halifax (Image credit: Getty Images)

House prices are up annually in March by a modest 0.3%, according to the latest Halifax House Price Index (HPI).

The rise means the average home now costs £288,430, although this is around £2,900 less than last month as increases begin to plateau. 

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Kim Kinnaird

Kim Kinnaird holds the position of Banking and Trade Delivery Director within the Commercial Bank at Lloyd Banking Group. In her role she oversees the service teams responsible for managing the daily banking requirements of Commercial Banking clients, with a primary focus on cash management, payments, and comprehensive servicing of trade products for the Group's business clients.

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Robert Gardner

Robert Gardner serves as the Chief Economist at Nationwide, where he heads a team dedicated to offering economic analysis and guidance, with a specific focus on the UK economy and a strong emphasis on monitoring the housing market and house prices.

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Tim Bannister

Tim Bannister joined Rightmove in 2010, initially working in our lettings division before transitioning his focus to insights. As the current Director of Property Science, Tim leverages data, technology, and analytics to create distinctive insights that inform and guide property-related decision-making processes.

Joseph Mullane
News Editor

News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals.  Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.