UK House Prices Experience First Monthly Decline Since April

Despite a slight monthly drop, annual house price growth reaches its fastest rate since December 2022, reflecting market resilience.

Average house price in the UK fell by 0.2% in August to £265,375.
Annual house price growth increased to 2.4% in August, up from 2.1% in July.
Market activity remains subdued but shows signs of resilience amid high interest rates.
Experts anticipate further interest rate cuts, potentially boosting buyer confidence.
Energy-efficient homes are attracting higher premiums, influencing market dynamics.