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Evening Standard
Evening Standard
Vicky Shaw

Annual house price growth slows but private rent increases accelerate

Office for National Statistics Inflation London United Kingdom

Annual house price growth slowed in July, as finance experts pointed to a sluggish housing market going into the autumn amid rising mortgage rates and other cost pressures for households.

The average UK house price increased by 1.4% to reach £273,000 in the 12 months to July, the Office for National Statistics (ONS) said.

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