UK house prices rise for 3rd month in a row

British house prices rose for a third month in a row in March, representing a further calming of the market after the turmoil sparked by former Prime Minister Liz Truss’s “mini-budget” last September, data from mortgage lender Halifax showed.

House prices rose by 0.8% in month-on-month terms, Halifax said on Thursday, the second-strongest gain since June last year after February’s 1.2% increase.

A Reuters poll of economists had pointed to a 0.3% drop on the month.

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.

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