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UK House Price Index – September 2023

Research and Insight September 2023
Top insights
Executive summary
- 0.5 %

Annual UK house price inflation

Rebound in demand
12 %

over September

Discount to the asking price
- 4.2%

for completed sales


The modest fall in prices is not enough to improve affordability to a level that will boost activity. Falling mortgage rates are the most likely route to improving housing affordability and bringing buyers back into the market in the next 12-18 months.

Richard Donnell Executive Director - Research
Market activity tracking close to 2019 levels