Economic Buzz: UK House Price Inflation Steady In March

UK house price index climbed 4.2 percent year-over-year in March, the same rate of rise as in February, which was revised down from a 4.4 percent increase reported earlier, figures from the Office for National Statistics showed Wednesday. The average UK house price was GBP 224,000 in March, which was GBP 9,000 higher than in the same month of the prior year, while GBP 500 lower than a month ago.