Housing activity slows in March amid Iran war fears, says Halifax

By Alex Funk2026-04-08T11:04:00

Mortgage rates rise and energy price concerns push up inflation expectations

UK house prices dropped by 0.5% and went back under £300,000 in March due to the “wide uncertainty regarding the conflict in the Middle East”, according to Halifax.

The bank’s latest house price index (HPI) said the March dip followed a 0.3% increase in February, with the average property price now standing at £299,677.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community