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Evening Standard
Evening Standard
Politics
Vicky Shaw

House price growth cools as ‘pressures from mortgages and rental prices bite’

United Kingdom Inflation Office for National Statistics

Annual growth in house and rental prices has been slowing, according to official figures, as housing market experts warned affordability pressures are biting households.

The average UK house price increased by 2.8 per cent in the 12 months to July, slowing from 3.6 per cent in the year to June, the Office for National Statistics (ONS) said. Across the UK, the average house price in July was £270,000, an increase of £8,000 in 12 months.

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