![]() Limited supply and strong demand is keeping house prices high – there are too few properties for sale compared to the number of buyers. Annual growth decreased from 9.3% to 8.4%. Figures from Rightmove put average house prices at £365,173 in August, a decrease of 1.3% from July.However, prices only increased by 0.1% over the month, showing a slowdown in growth from June’s increase of 0.2% ![]() Nationwide’s figures for July 2022 put the average house price at £271,209, up 11% over the year.The fall ends 13 consecutive months of price rises, but still marks an 11.8% increase over the year Halifax figures indicate that the average house price has dipped to £293,221 in July 2022, down 0.1% from £294,845 in June.Once a month, Nationwide, Halifax and Rightmove publish figures on the growth of average house prices: The housing market still has a reasonable amount of momentum given the pressures on household budgets caused by the cost of living crisis, but data has begun to show a decrease in growth. This article contains affiliate links that can earn us revenue* Why are house prices rising so much? What is the best time of year to buy a house – and the worst?.How will the relaxing of mortgage affordability rules affect me?.How can I find the best mortgage for me?.Is it cheaper to rent or buy at the moment?.Are house prices going to fall in 2022?. ![]()
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