The annual decline in UK house prices slowed to 0.2% in February, and rents rose to a new high of 9.2% in March – Yahoo Finance

According to data from the Office for National Statistics (ONS), average house prices in the UK fell by 0.2% in the year to February, narrowing from the 1.3% decline in the period to January. The average UK house price is £281,000.

Year-on-year fall in UK house prices slows to 0.2%

According to the latest data, the year-on-year decline in UK house prices in February has slowed to 0.2%, which means that the market is beginning to show some signs of stability. Although the decline still exists, the magnitude has been significantly reduced, providing a glimmer of hope for the real estate market.

Rent increased by 9.2% year-on-year in March to a new high

Contrary to house prices, UK rents increased by a staggering 9.2% year-on-year in March, setting a new record. This shows that investor confidence in the real estate market remains and that the rental market remains prosperous.

Market trend analysis

• The decline in house prices narrowed and the market began to pick up.
• Rents continue to rise, indicating strong market demand.
• Investors remain confident in the UK property market.

future outlook

As the decline in house prices slows and rents continue to rise, the UK housing market will gradually stabilize. Investors can continue to pay attention to market dynamics and seize investment opportunities.