Economic Buzz: UK Halifax House Prices Grow At Faster Pace In March

UK house prices increased 1.5 percent month-on-month in March, data from the Lloyds bank subsidiary Halifax and IHS Markit showed Monday. The monthly increase was forecast to slow to 0.1 percent from 0.5 percent in February. A similar faster growth was last seen in August 2017. In three months to March, house prices increased 2.7 percent from the previous year, following 1.8 percent increase seen in three months to February. Prices were forecast to rise at a slower pace of 2 percent. The average price in March was GBP 227,871, the highest recorded price, Halifax said.