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UK house prices showed no growth in year to March, ONS says - Finance news and analysis from Global Banking & Finance Review
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UK house prices showed no growth in year to March, ONS says

Published by Global Banking & Finance Review

Posted on May 20, 2026

1 min read

· Last updated: May 20, 2026

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ONS Reports No Annual Growth in UK House Prices to March 2024

UK House Price and Rent Trends: March-April 2024

Flat House Prices in March 2024

May 20 (Reuters) - British house prices were flat in the 12 months to March after a 1.7% increase in the year to February, the Office for National Statistics said on Wednesday.

Comparison with Previous Months

It marked the weakest reading since the year to April 2024.

Rising Private Rents

Annual Growth in Private Rents

Average UK monthly private rents increased by 3.5% in the year to April, compared with 3.4% the 12 months to March.

Reporting Credits

(Reporting by Andy BruceEditing by William Schomberg)

Key Takeaways

  • House price growth has fallen to flat in the year to March after a 1.7% rise to February — the weakest since April 2024.
  • Private rent inflation cooled to 3.4% in the year to March (or 3.5% to April), the lowest since early 2022.
  • Regional data show London experiencing the weakest rent growth across England, with Northern regions seeing higher increases.

Frequently Asked Questions

What happened to UK house prices in the year to March 2024?
UK house prices were flat in the 12 months to March 2024, showing no annual growth according to the ONS.
How did the latest house price growth compare to February 2024?
The annual increase in house prices was 1.7% in February 2024 but fell to zero in March 2024.
What is the significance of the March 2024 UK house price data?
The flat reading for March 2024 represents the weakest house price performance since April 2024.
How did UK private rents change over the same period?
Average UK monthly private rents increased by 3.5% in the year to April 2024, compared with 3.4% in the previous year.

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