Halifax released its house prices data for the U.K. on Thursday. House prices in the U.K. climbed 2.6% in March, after a 1.5% decline in February. February’s figure was revised down from a 1.4% fall.
On a yearly basis, house prices jumped 10.1% in the three months to March, after a 9.7% increase in the three months to February.
“Worsening sentiment regarding the prospects for the UK economy and uncertainty ahead of the European referendum in June could result in some softening in the housing market over the next couple of months,” Halifax’s housing economist Martin Ellis said.
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