House prices up 1.8% year-on-year, says ONS

house prices estate agent

Monthly prices up 0.7%

House prices were up 1.8% year-on-year in March, according to official figures released today.

The latest UK House Price Index from the Office for National Statistics shows the average house price across the United Kingdom was £283,000, up from £278,000 in March the previous year.

The figures show higher rises in Scotland (6.7%) and Northern Ireland (4%), compared to Wales (1.3%) and England (1%).

The figures also show prices are 0.7% up on February.

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