2020.03.1608:14:00UTC+00UK House Prices Rise To Record In March: Rightmove

UK house prices rose to a record in March, reports said citing data from property website Rightmove, on Monday.

House prices increased 3.5 percent on a yearly basis to GBP 312,625 in March. This was the highest growth since December 2016. On a monthly basis, house prices gained 1 percent in March.

The number of sales increased amid strong demand from buyers.

Rightmove Director Miles Shipside said the market has been waiting for several years for a window of certainty, and 2020 seemed set to be the year.

Nonetheless, the housing market activity will be affected by the spread of the coronavirus, Shipside added.