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UK House Price Index – August 2023

Research and Insight August 2023
Top insights
Executive summary
+ 0.1 %

Annual UK house price inflation

Decline in sales completions
21 %

Over 2023 vs. 2022

Affordability improved by
+ 9%

over 2023 from decline in house price to earnings ratio


While house price growth has slowed rapidly over the last year, the primary impact of higher mortgage rates has been lower sales volumes.

Richard Donnell Executive Director - Research
Demand and sales running below 5-year average