Annual UK house price growth slowed in August for fourth month in a row – ONS

Annual UK house price growth slowed for the fourth consecutive month in August, according to the Office for National Statistics. In London, the average property value experienced an annual decline of 2.2% during the same period. This downward trend in the capital was primarily driven by falling prices for flats. The ONS data highlights a continuing deceleration in the broader housing market growth across the United Kingdom as of the August reporting cycle.