(Reuters) – British house prices increased by 13.6% year-on-year in August, the Office for National Statistics said on Wednesday.
House price growth slowed from a 16% surge in July which reflected how prices in the same month last year were hit by the end of a tax break for home-buyers.
A Reuters poll published in August showed the surge in British house prices is expected to end next year as the cost-of-living crisis and rising interest rates put the brakes on the market.
(Reporting by Ana Nicolaci da Costa; Editing by William Schomberg)