House prices rise in March - Rightmove20 Mar 2023 08:18
UK house prices rose 0.8% in March from February, figures from Rightmove showed on Monday, with prices of the largest homes leading with a 1.2% increase.
The online estate agency said the average price of properties coming on the market was £365,357, up slightly from £362,452 in February.
Rightmove said the increase is below the average monthly rise in March over the past 20 years, indicating a higher degree of pricing caution by new sellers than is usual for this point in the year.
The strong price rise in the larger home top-of-the-ladder sector of the UK house market was the exception to the caution seen elsewhere, with a 0.4% and 0.5% respective increase in the first-time buyer and second-stepper sectors, Rightmove noted.