London remains the most expensive region in the UK, with an average price of £523,000 - however this was the region with the lowest growth rate, with prices increasing by 1.5 per cent in the year, down from 2.9 per cent in February.
In Wales, the average price sat at £214,000 - an annual increase of 4.8 per cent.
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This compared to a 4.1 per cent annual increase in England, where the average price in March was £304,000.
Meanwhile Northern Ireland saw an annual increase of 5 per cent, bringing the average house price to £172,000 in March.
Scotland saw an annual increase of 3 per cent - the lowest rate of increase out of England, Scotland, Wales and Northern Ireland - bringing the average house price to £185,000.
jane.matthews@ft.com
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