UK annual house price growth slows to weakest rate since March
Official figures show annual UK house price growth eased to 0.9 per cent in August, while private rent growth remained at 3.8 per cent in September.
London, United Kingdom. Annual growth in British house prices slowed in August to its lowest rate since March, according to official figures released this week. Growth in average private rents meanwhile remained at its strongest level since the end of last year.
House price growth eases
The Office for National Statistics reported annual house price inflation of 0.9 per cent for August, down from July’s 1.2 per cent.
Rent increases hold steady
The figures showed that average private rents were 3.8 per cent higher in September than a year earlier. That matched August’s annual growth rate, leaving the two months tied for the strongest reading since December.
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