🇬🇧 UK House Prices Stagnate in June as Market Remains Subdued 🏡

🇬🇧 UK House Prices Stagnate in June as Market Remains Subdued 🏡

UK house prices showed no change month-on-month in June, underlining a cautious market following the property tax increase that took effect in April.

📌 Key Points:

• May’s price drop was slightly smaller than initially reported, at -0.3%.

• Annual price growth slowed marginally to +2.5% YoY, compared to 2.6% the month before.

• Prices are now just below where they ended in 2024.

Rising wages and expectations of further rate cuts by the Bank of England may offer some support, but overall momentum remains muted, with only modest growth expected in the second half of the year.