In August, UK house prices saw a 2.8% annual increase, reaching an average of £293,000, marking the sixth consecutive month of growth, according to the Office for National Statistics. Regional variations showed England's prices at £310,000, Wales at £223,000, and Scotland at £200,000, with Northern Ireland experiencing a 6.4% rise to £185,000. The North West led with a 4.6% increase, while the South West lagged at 0.8%. Meanwhile, private rents rose by 8.4% annually to £1,295. Inflation slowed to 1.7% in September, driven by lower petrol prices, prompting speculation of a Bank of England rate cut, potentially lowering mortgage rates and boosting buyer confidence. Experts suggest that competitive mortgage rates and innovative products are keeping the housing market robust, with expectations of further rate cuts enhancing buyer activity.