Nationwide House Price Data Reveals a Steady Market but Growth Expected

The latest data released by Nationwide Building Society reveals a steady picture for UK house prices. According to their report, the average house price remained unchanged at £271,316 in March, following a modest increase of 0.4% in February. This stability in prices has resulted in an annual growth rate that remains at 3.9%. The slight slowdown in house purchases observed in March can be attributed to the closing window for home buyers to complete their transactions before the stamp duty discount expired on 31 March.