March 2015 Infographic
March 2015 House Price Watch indicates house prices are up on average 0.8% in the past month and up 7.3% in the past year
While some of the indices note a sharper rise in house prices in the past month, the overall trend of softening annual house price growth continues. Mortgage approvals are up for the first time in six months (up 2% between November and December according to recent Bank of England data). Despite this news, housing market activity remains subdued with many agents reporting that housing supply is a constraint, resulting in a lack of quality housing for buyers to trade up to.