Finance
UK house prices rise 3.0% year-on-year in August
Published by Global Banking & Finance Review®
Posted on October 22, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 22, 2025
1 min readLast updated: January 21, 2026
UK house prices rose 3% in August, a slowdown from July's 3.2%. Property prices peaked in March due to a tax break expiry.
LONDON (Reuters) -Average house prices in the United Kingdom in August were 3.0% higher than a year earlier, down from an upwardly revised annual increase of 3.2% in July, the Office for National Statistics said on Wednesday.
Growth in property prices slowed sharply in recent months after hitting a two-year high in March when homebuyers rushed to complete sales before an expiry of a tax break on many house purchases.
Private-sector rents were 5.5% higher than a year earlier in September, down from 5.7% in August and the smallest annual increase since November 2022.
(Reporting by Suban Abdulla; Editing by Joe Bavier)
A house price index measures the relative changes in the price of residential properties over time, providing insights into market trends and property value fluctuations.
Private-sector rents refer to the amount tenants pay to landlords for renting residential properties in the private housing market, which can vary based on location and property type.
A tax break is a reduction in the amount of tax owed, often used to incentivize certain behaviors or investments, such as home purchases or business investments.
Property price growth refers to the increase in the value of real estate over time, influenced by factors such as demand, supply, economic conditions, and interest rates.
The Office for National Statistics (ONS) is the UK's largest independent producer of official statistics, providing data on various aspects of the economy, population, and society.
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