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UK house prices rise 2.8% in 12 months to July - Finance news and analysis from Global Banking & Finance Review
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UK house prices rise 2.8% in 12 months to July

Published by Global Banking & Finance Review

Posted on September 17, 2025

1 min read

· Last updated: September 17, 2025

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UK economy property market Housing market

UK house prices rise 2.8% in 12 months to July

LONDON (Reuters) -Average house prices in the United Kingdom in July were 2.8% higher than a year earlier, down from a 3.6% rise in the year to June, the Office for National Statistics said on Wednesday.

Growth in property prices slowed sharply after hitting a two-year high in March when buyers rushed to complete sales before an expiry of a tax break on many house purchases.

Private-sector rental growth slowed to 5.7% in the 12 months to August from 5.9% in July, the ONS added, and the smallest annual increase since December 2022.

(Reporting by Suban AbdullaEditing by Ros Russell)

Key Takeaways

  • UK house prices rose 2.8% in the 12 months to July.
  • Growth slowed from a 3.6% increase in June.
  • A tax break expiry in March influenced price trends.
  • Private-sector rental growth slowed to 5.7% in August.
  • ONS provides the latest housing market data.

Frequently Asked Questions

What was the percentage increase in UK house prices in July?
Average house prices in the United Kingdom in July were 2.8% higher than a year earlier.
How did the growth in property prices change from June to July?
The growth in property prices slowed from a 3.6% rise in June to 2.8% in July.
What was the rental growth rate in August?
Private-sector rental growth slowed to 5.7% in the 12 months to August, down from 5.9% in July.
What event contributed to the surge in property prices earlier this year?
Growth in property prices hit a two-year high in March as buyers rushed to complete sales before the expiry of a tax break.

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