The UK house prices have rebounded in March, reversing their decline recorded in February, according to the monthly barometer published Friday by the mutual bank Nationwide.
Property prices rose by 0.7% over the month, against a decline of 0.8% the previous month, while reducing their progress on year to 9% after 9.2% in January.
It's better than expected by economists, which projected an increase of 0.2% on month and 8.2% year on year, according to a note from Credit Agricole CIB.
The average price of housing in the United Kingdom is well recovered in March to 164,519 pounds, or about 182,900 euros, Nationwide said in a statement.
According to Martin Gahbauer, the chief economist of the bank, the figures of the last two months reflects the overall stability of the UK housing market.
According to him, beyond the harsh climate which has reduced the transaction this winter, buyers seem hampered by the political climate, a few weeks before British general election, expected on May 6
"With political and economic uncertainties particularly important before the elections, potential buyers are acting with great caution," and "if this trend continues, we should see a small number of homes changing hands, but at relatively stable prices" .
Property prices rose by 0.7% over the month, against a decline of 0.8% the previous month, while reducing their progress on year to 9% after 9.2% in January.
It's better than expected by economists, which projected an increase of 0.2% on month and 8.2% year on year, according to a note from Credit Agricole CIB.
The average price of housing in the United Kingdom is well recovered in March to 164,519 pounds, or about 182,900 euros, Nationwide said in a statement.
According to Martin Gahbauer, the chief economist of the bank, the figures of the last two months reflects the overall stability of the UK housing market.
According to him, beyond the harsh climate which has reduced the transaction this winter, buyers seem hampered by the political climate, a few weeks before British general election, expected on May 6
"With political and economic uncertainties particularly important before the elections, potential buyers are acting with great caution," and "if this trend continues, we should see a small number of homes changing hands, but at relatively stable prices" .
Articles
Chief economist of the bank Martin Gahbauer stated that last two months reflects the overall stability of the UK housing market.
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