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Financial News: UK House Prices Rise To Record In March:

UK House Prices Rise To Record In March: Rightmove

03/16/2020 - 04:14:00 (RTTNews)

(RTTNews) - UK house prices rose to a record in March, reports said citing data from property website Rightmove, on Monday.

House prices increased 3.5 percent on a yearly basis to GBP 312,625 in March. This was the highest growth since December 2016. On a monthly basis, house prices gained 1 percent in March.

The number of sales increased amid strong demand from buyers.

Rightmove Director Miles Shipside said the market has been waiting for several years for a window of certainty, and 2020 seemed set to be the year.

Nonetheless, the housing market activity will be affected by the spread of the coronavirus, Shipside added.

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