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Wed, 08 Apr 2026

Wed, 08 Apr 2026 UK house prices fall as Iran war uncertainty dampens demand

Mortgage rates have been rising and hundreds of the cheapest deals have disappeared over the last month.
UK average house price falls by 0.5% in March, according to Halifax Average property price now stands at £299,677 Mortgage rates driven up by Iran conflict dampen demand Annual growth also slows down Last month saw largest daily withdrawal of mortgage deals since 2022 mini-Budget Halifax says recent increase in mortgage rates not as sharp as four years ago Oil prices soar due to Iran war, Brent crude falls by 15% on ceasefire plans Interest rates on fixed-rate mortgages rise sharply, highest since July 2024 Mortgage lenders cautious about market volatility and future interest rate changes