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    13.10.2015 09:52 UK house price inflation rises 0.7% in August

    The Office for National Statistics (ONS) released its house inflation data for the U.K. on Tuesday. The U.K. house price index rose at a seasonally adjusted rate of 0.7% in August, faster than a 0.8% in July.

    On a yearly basis, the U.K. house price index increased at a seasonally adjusted rate of 5.2% in July, same as in July. It was the lowest rise since September 2013.

    The lower house price inflation was mainly driven by a decline in prices in the East and the South East.

    The average mix-adjusted house price was £284,000 in August, up from £282,000 in July.

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