House prices bounce £3,000 in March

House prices rose by more than £3,000 in March, according to the Nationwide report, but it forecast that annual property inflation should slow from its current 9% rate.

Bouncing back: House prices rose by £3,000 in March, says Nationwide

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The Nationwide's house price report showed the price of a typical property up by 0.7% this month, following a 0.8% fall in February.

The actual rise in price terms was almost 2%, however, seasonal adjustment changed this to 0.7% - this corrects figures so that traditionally busier and quieter months can be compared.

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