Average annual house price growth rose by 4.1% in the 12 months to March 2024, up from a 3.2% increase seen in the final quarter of 2023. Prices are rising at their fastest rate since the third quarter of 2022.

On a quarterly basis, price growth also showed signs of strengthening, with a 1.1% increase in Q1 2024., up frfom a 0.3% increase in the last quarter of 2023.