Average house prices in March increased by 1.5% or £5,279 to reach £368,118, according to Rightmove’s latest house price index.

This represents the largest monthly increase for 10 months, which Rightmove has said signals the continued recovery of the housing market after a muted 2023.

This 1.5% increase surpasses the typical average rise observed in March, which historically stands at 1%. Year-on-year house prices have increased by 0.8%.