UK House prices grew by 5% in the year to August 2017, experiencing a 0.5 percentage point increase from the previous month.

In terms of housing demand the Royal Institution of Chartered Surveyors' (RICS) residential market survey for August 2017 reported that headline price expectations remain subdued in the near term. However, at the 12-month horizon, prime central London remains the only area in which prices expectations are negative. In terms of demand, there was little change in buyer enquires during August, continuing a streak of flat or modestly negative readings into a ninth consecutive month.