UK house prices rise 3.0% year-on-year in August
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A view of residential houses in London, Britain, January 23, 2025. REUTERS/Hannah McKay
LONDON (Reuters) -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)
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