Financial News: UK Halifax House Prices Fall

UK Halifax House Prices Fall

04/08/2026 - 03:04:00 (RTTNews)

(RTTNews) - UK house prices declined in March as the Iran conflict pushed up inflation expectations and dampened hopes of interest rate reductions, data from the mortgage lender Halifax showed Wednesday.

House prices decreased 0.5 percent on a monthly basis in March, reversing February's 0.3 percent increase. The average property price was GBP 299,677.

On a yearly basis, house price growth eased to 0.8 percent in March from 1.2 percent in February.

The slowdown in the housing market reflects the widespread uncertainty regarding the conflict in the Middle East.

"Concerns about higher energy prices have pushed up inflation expectations, which in turn led to a rise in mortgage rates, reducing confidence that interest rates will be cut this year and dampening the initial momentum in the market seen at the start of the year," Halifax Head of Mortgages Amanda Bryden said.

Bryden added that the effect on house prices will largely depend on how long-lasting these pressures prove to be and the wider implications for the economy and unemployment.

However, Halifax expects house prices to prove resilient even if uncertainty weighs on market activity in the near term.

Last month, the Bank of England maintained its interest rate at 3.75 percent, which was the lowest since June 2023. Policymakers raised market expectations for a rate hike as they said the committee stands ready to act as necessary to bring inflation back on track.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Austria Manufacturing Growth Eases In April (14 min(s), 59 sec(s) ago)
(RTTNews) - Austria's factory growth moderated in April amid renewed contractions in output an ...Full Story»

Eurozone Banks To Tighten Credit Standards In Q2: ECB Survey (24 min(s), 59 sec(s) ago)
(RTTNews) - Eurozone banks plan to tighten credit standards in the second quarter amid geopolitica ...Full Story»

UK BRC Shop Price Inflation Eases (58 min(s), 59 sec(s) ago)
(RTTNews) - UK shop price inflation softened in April, driven primarily by increased discounting a ...Full Story»

Irish Wholesale Prices Fall 0.2% In March (01 hr(s), 23 min(s), 59 sec(s) ago)
(RTTNews) - Ireland's wholesale prices decline moderated sharply at the end of the first quart ...Full Story»

Italy Producer Prices Rise Most In 13 Months (01 hr(s), 51 min(s), 59 sec(s) ago)
(RTTNews) - Italy's producer prices increased at the fastest pace in more than a year in March ...Full Story»

Spain Retail Sales Growth Accelerates To 4-Month High (01 hr(s), 59 min(s), 59 sec(s) ago)
(RTTNews) - Spain's retail sales grew at the fastest pace in four months in March, the statist ...Full Story»

Spain Jobless Rate Reaches 1-Year High (02 hr(s), 26 min(s), 59 sec(s) ago)
(RTTNews) - Spain's unemployment rate rose to a one-year high in the first quarter, data from ...Full Story»

BoJ Holds Rate In Split Vote; Raises Inflation Outlook (02 hr(s), 42 min(s), 59 sec(s) ago)
(RTTNews) - The Bank of Japan retained its key interest rate in a split vote on Tuesday and upgrad ...Full Story»