In June, UK house prices remained subdued at £288,455, with a 0.2% month-on-month decrease and a 1.6% annual growth rate.
UK house prices remain "subdued" for a third month in June, with an average property value of £288,455, according to mortgage lender Halifax. House prices fell by 0.2% month-on-month and have seen an annual growth rate of 1.6% for seven consecutive months. The shortage of available properties is driving higher prices, while mortgage affordability remains a challenge for homebuyers and those nearing the end of fixed-term deals.
July 05, 2024
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