UK sold house prices fall again amid mortgage rates uncertainty, ONS House Price Index shows

The latest Office for National Statistics (ONS) analysis of UK sold house prices data showed they remained down year-on-year.

UK sold house prices symbolised by a 'sold' sign outside a terraced house
UK sold house prices continued to struggle in February, the ONS has found
(Image credit: Getty Images)

UK sold house prices suffered another fall in February, the latest Office for National Statistics (ONS) House Price Index has found.

According to Land Registry data analysed by the UK’s official statistics body, final sale prices fell 0.2% (£600) year-on-year to £281,000. However, they grew 0.4% month-on-month after the fall registered in January’s figures was revised sharply downwards from a 0.6% fall to a 1.3% drop.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Henry Sandercock has spent more than eight years as a journalist covering a wide variety of beats. Having studied for an MA in journalism at the University of Kent, he started his career in the garden of England as a reporter for local TV channel KMTV.

Henry then worked at the BBC for three years as a radio producer - mostly on BBC Radio 2 with Jeremy Vine, but also on major BBC Radio 4 programmes like The World at One, PM and Broadcasting House. Switching to print media, he covered fresh foods for respected magazine The Grocer for two years.

After moving to NationalWorld.com - a national news site run by the publisher of The Scotsman and Yorkshire Post - Henry began reporting on the cost of living crisis, becoming the title’s money editor in early 2023. He covered everything from the energy crisis to scams, and inflation. He also has bylines in MoneyWeek.