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The annual house price growth in the UK decelerated in July, data published by the Office for National Statistics showed Wednesday. The average UK house price rose 2.8% on-year in July to £270,000, slowed from 3.6% growth in June, the latter revised down from 3.7%. Average house prices were up 3.3% in Scotland in July, up 2.7% in England, and 2.0% higher in Wales. In England, the sharpest on-year house price growth in July was inthe North East with 7.9%, while the lowest was in London with 0.7%. Meanwhile, average UK monthly private rent growth slowed to 5.7% year-on-year in August to £1,348 from a climb of 5.9% in July. In England, the annual inflation rate for private rents was highest in the North East at 9.2% and lowest in Yorkshire & the Humber at 3.4% in August. Jean Jameson, chief sales officer at Foxtons, commented: ‘There understandably remains some uncertainty ahead of the Autumn Budget. Overall, house prices have grown over the last 12 months, and where properties are priced pragmatically, they are still attracting interest and selling quickly.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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