The UK housing market remained subdued in August, with house prices edging up by 0.2% over the month and annual growth sitting at 1.6%, according to Nationwide's latest House Price Index.

The UK property market is showing signs of changing, with more family homes becoming affordable to households on average incomes. However, rising mortgage rates and ongoing financial uncertainty continue to influence how buyers, sellers and landlords approach their next move.

There are significant changes ahead for landlords and the private rented sector in England, with the Government now providing greater clarity around the introduction of the new national rental property registration service.

The UK property market continues to experience changes, with prime property prices falling across London and several regional markets. However, there are signs that the pace of decline is slowing as sellers adjust their asking prices and buyers become more confident about negotiating.