Good news for those already on the property ladder as it has been announced that the annual growth of housing price has seen a notable increase of over 10% this March, with both quarterly and monthly increased also reported in the most recent index.

The total increase came in at an increase of 10.1% annually, which has led to the present average price for a home now sitting at £214,811 as highlighted in the Halifax index. This comes alongside figures highlighting monthly growth at 2.6% when compared against the month previous, with growth over the first quarter of the year sitting at around 2.9%.

Of course, the good news builds upon the success seen in the year up to January and February, where a markedly successful rise of 9.7% was reported. A key success can also be seen in the simple fact that those rises reported since the start of 2015 have successfully sat between a comfortable range of 8-10%.

The results recorded go a great way to recovering lost ground from the 1.5% fall in February, which only goes to show that quarterly reports do far more to highlight the longevity of the sector than those on a monthly basis. This, of course can be attributed to the oft volatile state of the market, but the results thus far do indeed indicate a long-term stability in the growth of prices.

Of those results seen, the prices for flats has been seen to rise at a rate far more sharp than prices across other property archetypes, which was highlighted in another related, but separate piece of research from Halifax. Most specifically, a 57% increase on average housing prices was reported, which sits at a value far more considerable than the rise of 37% seen across all residential properties in the reported time period.