UK house prices fell 0.2% annually in February 2024, while average private rent increased 9.2% to £1,246.

UK house prices fell by 0.2% in the year to February 2024, marking a slowdown from a 1.3% decrease in the year to January. The average private rent in Britain increased by 9.2% in the year to March, reaching a new record of £1,246, marking the highest annual increase since 2006. Housing market experts believe the extent of the recovery will depend on the Bank of England's future rate cuts.