Health9/1/2025•The Guardian
UK house prices in surprise fall amid high mortgage costs
UK house prices experienced a surprise drop in August, with the average price for a home falling by 0.1% to £271,079 compared to the previous month, according to data from Nationwide Building Society. This decline was unexpected, as economists had predicted a 0.2% increase. The fall in house prices is attributed to the high mortgage costs, which have dampened overall market activity. This unexpected drop in UK house prices reflects the ongoing challenges faced by the housing market, as homebuyers grapple with rising interest rates and the cost-of-living crisis.
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