The UK housing market is slowing in a controlled manner, with monthly rates of growth that are half those of a year ago, according to the FT house price index published on Friday.
House prices rose by 0.5 per cent in August compared with July, in line with the recent trend. The monthly rate has bounced between 0.5 and 0.3 per cent in the last four months - this is roughly half the rate of growth prevailing last year, when prices were rising between 1.1 per cent and 0.8 per cent in the last four months of the year.
