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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

UK house prices: Halifax and Barratt warn of challenges ahead

Halifax United Kingdom Kim Kinnaird
Multicolour terrace houses in Bristol.
The price of an average home in the UK has increased by more than £30,000 over the past year. Photograph: James Osmond/Alamy

The average price of a UK home climbed again in August, although the rate of annual growth slowed, as the country’s largest lender warned of a “more challenging period” ahead for house prices amid rising interest rates and the cost of living squeeze.

The average price of a home was £294,260 in August, 0.4% higher than the previous month, and marked another record high, according to Halifax.

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