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The Office for National Statistics (ONS) released its house inflation data for the U.K. on Tuesday. The U.K. house price index rose at a seasonally adjusted rate of 0.7% in August, faster than a 0.8% in July.
On a yearly basis, the U.K. house price index increased at a seasonally adjusted rate of 5.2% in July, same as in July. It was the lowest rise since September 2013.
The lower house price inflation was mainly driven by a decline in prices in the East and the South East.
The average mix-adjusted house price was £284,000 in August, up from £282,000 in July.
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