The average house price in the UK is £264,500 as of March this year, reflecting a decrease of 0.2%, or £410 in cash terms, compared to this time last year.

According to Zoopla’s latest house price index, “house prices are largely unchanged” and the market is more balanced than at any point since the start of the pandemic.

However, Zoopla’s figures for March 2024 indicate that 64% of UK homes are in local authority areas where house prices are falling on an annual basis.