UK house prices rise at their lowest annual rate in five years, ONS says

Average UK prices rise 3.2% but sluggish London property market sees fall of 0.2%

UK house prices grew at the slowest rate in five years in August, in the latest figures to identify a growing divergence between a sluggish London property market and faster rates of growth other regions.

The average price of a UK home increased by 3.2% in the year to August, to £232,797, in the lowest annual rate of growth since August 2013, according to the figures from the Office for National Statistics (ONS) and Land Registry.

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