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UK house prices 0.1% higher

Thursday, Sep 07 2017
UK house prices 0.1% higher

House prices in the last three months (June-August) were 0.1% higher than in the previous three months (March-May). Price growth, on this measure, has edged up for the first time sinceMarch. Prices in the three months to August were 2.6% higher than in the same three months a year earlier.

The annual rate in August is higher than in July (2.1%), however it has fallen from a peak of 10.0% in March 2016 when transactions grew sharply ahead of the introduction of new higher stamp duty tax rates for buy to let and second homes that came into effect in April. House prices rose by 1.1% between July and August, following a 0.7% increase in July.

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