UK Housing Slump Deepens as Budget Fears and Global Bond Jitters Mount

UK house prices have just suffered their steepest August decline since 2018, with average asking prices falling 2% this month to £364,999 as buyers and sellers pull back ahead of Chancellor John Healey's first Budget. The drop—setting an eight-year record for a typically quiet month—marks a sharp reversal from the brief optimism that followed PM Andy Burnham's arrival in Downing Street.

Trade Routes

• House prices: Down 1% year-on-year, the largest annual fall...