Britain's housing market remains steady in March despite the uncertainty caused by the Iran conflict.

The UK real estate website Rightmove said on Monday that despite the uncertainty brought by the Middle East conflict, as of the four weeks ending March 7, asking prices for UK residential properties remained stable. Rightmove noted that asking prices rose by 0.8% month-on-month, in line with normal seasonal trends, after being stagnant in the previous four weeks up to February 7. Rightmove's property expert Colleen Babcock said, "Uncertainty has never been helpful for market activity, and it comes at a time when the spring market is typically beginning to boost confidence and optimism. It is understandable that many potential buyers may be closely monitoring news related to mortgage rates and broader household expenses." Rightmove also stated that asking prices decreased by 0.2% year-on-year; on March 12, the average rate for two-year fixed rate mortgages increased from 4.24% a week earlier to 4.51%; transaction volumes were down 2% compared to the same period in 2025, but up 5% compared to 2024; the average time to sell a house reached the longest period since the same period in 2013; and the number of properties for sale remained at its highest level in 11 years.