March saw house prices remain the same as during February, according to Nationwide’s latest House Price Index.

The price of a typical home was unchanged between February and March, but was 0.8% higher than March 2012.

The typical UK home is now worth £164,630

Robert Gardner, Nationwide’s chief economist, said: “House prices were unchanged between February and March after taking account of usual seasonal effects.

“However, in annual terms, house price growth moved into positive territory for the first time since February 2012.”