Davy Research

Market comment

UK Rightmove house prices down in August

DAVY VIEW

Data released this morning by Rightmove showed that UK house prices fell 0.9% in August but are still up 3.1% year-on-year (yoy). While the asking price series can be volatile month-to-month, the longer-term trend shows inflation moderating from a 5-6% annual pace in 2016 to the current 3%, with surveys suggesting that house prices could flat-line for the remainder of 2017.

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