ONS: Annual house price growth continues to slow, from 0.7% in July to 0.2% in August

House price growth continues to slow - but renters face higher costs

houses
(Image credit: Getty Images)

House price growth continued to slow in August but renters are facing higher costs, the latest Office for National Statistics (ONS) data shows.

It is the latest sign of a slowing property market, with Nationwide and Halifax house price indices also reporting that prices are falling at the fastest levels since 2009.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.