U.K.'s August House Prices Fall Not Turning Point as Mortgage Rates Keep Moving Down -- Market Talk

Dow Jones
Sep 01

0919 GMT - Although U.K. house prices fell 0.1% in August, with annual house price inflation of 2.1%, down from July's 2.4%, the dip isn't seen as a turning point as mortgage rates are still moving down, RBC Capital Markets analysts Anthony Codling and Oliver Dyson say in a note. According to Nationwide's August House Price Index data, the average house price was 271,079 pounds. Still, despite August being a quiet month for housing, uncertainty around property and other taxes ahead of the U.K.'s budget isn't helpful, the analysts say. And although negative pricing trends ahead of the autumn selling season won't be welcomed by housebuilders, lower house prices and mortgage rates should be supportive of sales rates, RBC says. Vistry shares are up 0.6% and Persimmon is up 0.3%. (anthony.orunagoriainoff@dowjones.com)

 

(END) Dow Jones Newswires

September 01, 2025 05:19 ET (09:19 GMT)

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