Halifax Bank, owned by Lloyds Banking Group, said that UK house prices rose for the third consecutive month in March, contrary to expectations, reflecting the resilience of the residential property market.

Housing price index rose by 1.8TP3T month-on-month after increasing by 11.2TP3T over the past three months, according to a survey by Halifax Bank and Standard & Poor's Global.

Housing price index rose by 1.8TP3T month-on-month after increasing by 11.2TP3T over the past three months, according to a survey by Halifax Bank and S&P Global.

Economists had expected a decline of 1.3TP3T.

Economists had expected a decline of 1.3TP3T. <The year-over-year home price index rose 11.6TP3T in March after a 21.% increase in February. <Halifax Bank said the year-on-year rate of increase in house prices was the weakest since October 2019.