UK house prices bounced back in March, rising by 1.1%, after having fallen in February, according to the Halifax.

The latest increase pushed the annual rate of house price inflation up to 5.2% from 4.5% in February.

The rise means that the average home in the UK now costs £168,521, nearly £11,000 higher than a year ago.

"This was the eighth rise in the past nine months, taking the average price to 9.1% above the low point reached last April," the Halifax said.

Source: BBC News