Average house prices in the United Kingdom in August were 3.0% higher than a year earlier, down from an upwardly revised annual increase of 3.2% in July, the Office for National Statistics said on Wednesday.
Growth in property prices slowed sharply in recent months after hitting a two-year high in March when homebuyers rushed to complete sales before an expiry of a tax break on many house purchases.
Private-sector rents were 5.5% higher than a year earlier in September, down from 5.7% in August and the smallest annual increase since November 2022.
(Reporting by Suban Abdulla; Editing by Joe Bavier)
Copyright (2025) Thomson Reuters.
This article was from Reuters and was legally licensed through the DiveMarketplace by Industry Dive. Please direct all licensing questions to legal@industrydive.com.