House prices in the UK rebounded in March after suffering their first fall in eight months in February, figures showed today.

UK house prices have dived by more than 13% during the past year, wiping nearly £26,500 (€33,400) off the value of the average home, Britain’s biggest mortgage lender said today.

House prices in cities in the North have more than doubled during the past five years, outperforming growth in the rest of the UK, figures showed today.

The Bank of England celebrates the 10th anniversary of its independence to set interest rates on Sunday.

House prices in the UK edged up 0.2% last month as the average cost of a home remained close to levels seen at the start of the year, the Halifax said today.

Northern Ireland is just one of two UK regions where annual house price inflation is still in double figures, a new report revealed today.

The housing market in Britain is heading for five years of pain as average earnings catch up with property prices, an economist predicted today.

House prices in the UK were back on an upward path today after figures from the Halifax showed the average cost of a home increased by 1.4% during September.

The British housing market continued to show signs of slowing down during July, with prices rising by just 1.3%, Britain’s biggest mortgage lender said today.

British mortgage lenders today sought to reassure homeowners following a “stark warning” that the risk of a house price crash was increasing.

British house prices rose another 1% in November despite the impact of the first hike in interest rates for almost four years, research showed today.