The average house price rose for the ninth consecutive month as prices reach yet another record high.
Monthly house prices grew at a rate of 1.4%, the biggest rise in sixth months, according to the Halifax House Price Index for March 2022.
“The story behind such strong house price inflation remains unchanged: limited supply and strong demand, despite the prospect of increasing pressure on households’ finances,” said Russell Galley, Managing Director at Halifax.
Real Estate Credit Investments Limited (LON:RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial or residential properties in Western Europe, focusing primarily on the United Kingdom, France and Germany.