UK house prices rose 7.8% annually in June, according to official figures. This was as growth slowed sharply in the face of pressure on households and rising interest rates.
The Office for National Statistics (ONS) revealed that growth has retreated from her 12.8% in May.
The latest figures represent the weakest growth since last July.
Property price gains slowed year-on-year in part due to a surge last June as prospective buyers tried to make deals before the end of the stamp duty holiday.
Average house prices were £286,000 in June, up £20,000 from the same month last year, according to the ONS.
EnglandAverage house prices rose 7.3% to £305,000 over the year.
Walesincreased average prices by 8.6% to £213,000,Scotland increased by 11.6% to £192,000,North In Ireland increased by 9.6% to £169,000.
ONS house price statistician Ceri Lewis said:
"Rents continue to rise across the country, with sustained gains seen in London, which saw the highest growth since early 2017."
Statistics agency Separate data also showed that private rents paid by tenants rose 3.2% in the 12 months to July.
This represents an acceleration from her 3% in June and is the largest annual growth rate since January 2016.
Nick Leaming, chairman of real estate firm Jackson Stops, said: A slight restraint is starting to creep in the real estate market as inflation hits double digits.
“The impact of higher borrowing costs and lower consumer purchasing power could trickle down over the remainder of the year.
“For now, the market Before declaring any adjustments, we must keep in mind the expected seasonal drop in activity over the summer.”
