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Hometrack UK House Price Index – August 2023

by | Sep 15, 2023 | Clients

The Hometrack UK House Price Index analyses housing market trends at a city level on a monthly basis – across 20 cities, plus regions, and nationally.

Executive summary

  • Annual UK house price inflation slows to +0.1%, lowest since 2012
  • House price growth ranges from +1.7% in Scotland to -1% in London
  • Profile of regional house price inflation linked to first-time buyer affordability and the relative cost of renting and buying
  • Housing transactions still on track for 1 million completions in 2023
  • Sales completions 21% lower over 2023, the lowest level since 2012
  • Cash buyer sales expected to hold in line with 2022 while mortgage- backed sales likely to be 28% lower as higher rates impact demand
  • Faster earnings growth improving housing affordability
  • Lower mortgage rates key to improved demand and sales in 2024


You can download the latest full report from the Hometrack website.