UK house prices fell 0.2% in March, marking the first decline in three months; average price reached £261,142.

UK house prices fell 0.2% in March, marking the first decline in three months. Nationwide Building Society reports that activity is picking up, but remains subdued compared to historical standards. Mortgage approvals in January were 15% below pre-pandemic levels, with higher interest rates impacting affordability. The average UK house price increased by 1.6% annually, reaching £261,142.