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flag UK home prices rose 0.8% in March 2026, reaching £371,042, amid strong demand, rising mortgage rates, and a record high of home availability.

flag UK home prices rose 0.8% in March to an average of £371,042, driven by seasonal trends and strong demand despite rising mortgage rates and global uncertainty. flag Sales activity remains near last year’s peak, with the North West leading price growth at 2.6%, while London declined 2.1%. flag Home availability is at a record high, giving buyers more choice and pushing sellers to price competitively. flag Mortgage deals have dwindled sharply, with over 500 disappearing since early March, as rates rise due to economic pressures and geopolitical tensions. flag British households spent a record £226 billion on housing in 2025, a 41% increase over five years, fueled by higher mortgage payments and rents, with average annual mortgage costs reaching £13,000.

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