Annual house price growth increased to 1.1% last month.

The annual rate of change has slowed to 0.6%, from 1.6% in March.

Affordability constraints and a resilient first-time buyer market are supporting demand for smaller homes.

64% of all homes are in local markets with annual price falls, down from 82% last October, with a clear north-south divide emerging.

The number of new sellers coming to the market is up by 12% compared to this time a year ago, while the number of sales being agreed is up by 13%.

The average UK house price was £281,000 in February, unchanged from 12 months ago.

In March 2024, the UK housing market saw modest house price growth - although regions varied considerably - according to the latest data from e.surv.

Buyer enquiries continue to rise, with new listings activity also picking up.

House prices remain up 2.0% on the previous quarter.

All regions saw an improvement in annual rate of change in first quarter of 2024.