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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

UK house prices in surprise fall amid high mortgage costs

Terrace houses in Bristol, UK
Economists had expected a house price rise of 0.2%, according to a poll by Reuters. Photograph: Steve Taylor ARPS/Alamy

UK house prices unexpectedly fell in August as high mortgage costs dampened activity.

The average price for a home dropped by 0.1% to £271,079 compared with July, according to Nationwide Building Society. Economists had expected a rise of 0.2%, according to a poll by Reuters.

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