UK house price growth strongest since December 2024 but Iran war clouds outlook
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British house prices rose by 0.9% in March, the strongest increase since December 2024, despite rising mortgage rates due to concerns over the Iran war impacting inflation. This growth exceeded expectations, with a year-on-year increase of 2.2%. Nationwide's chief economist noted that while the market shows regained momentum, rising global energy prices from Middle Eastern developments pose a significant economic risk.
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