[CLSTR]
< Back to all clusters
[BUSINESS] · United Kingdom · 3 sources

started · updated

UK house price growth slows for fourth consecutive month

UK housing market Land Registry house price inflation mortgage rates Bank of England

Annual house price growth in the UK decelerated to 0.9% in August, down from 1.2% in July, marking the fourth consecutive month of slowing growth. The average property price across the UK reached approximately £273,000.

Regional performance varied significantly. Northern Ireland saw the strongest annual growth at 9.2%, with average prices reaching £202,000 in the second quarter of 2026. In Wales, prices rose 3.1% to £216,000, while Scotland recorded 2.9% growth to £198,000. England experienced the slowest growth among the main nations at 0.4%, bringing average prices to £294,000.

London remained the weakest performer, with annual prices declining by 2.2%. A notable decline was seen in London flats, which fell by 5.0% over the year. In England, the North East recorded the highest annual inflation at 3.2%.

Market analysts attribute the slowdown to increased stock levels, affordability pressures, and higher mortgage rates. Additionally, rising Consumer Prices Index (CPI) inflation, which reached 3.5% in September, has fueled expectations of a potential Bank of England interest rate rise in November.

Entities

Bank of England · Land Registry · London · Office for National Statistics · United Kingdom

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

UK house price growth slows for fourth consecutive month [www.propertywire.com]
House price growth hit by summer lull, Land Registry [thenegotiator.co.uk]
Annual UK house price growth slowed in August for fourth month in a row – ONS [www.standard.co.uk]