UK house prices fell by 0.2% in June 2024, with a 1.6% increase over the past 12 months, according to Halifax. The mortgage lender predicts stability in the market, with prices likely to rise later this year.
Uk House PricesHalifaxMortgage LenderProperty MarketInterest RatesReal EstateJul 05, 2024
UK house prices fell by 0.2% in June 2024.
UK house prices rose by 1.6% over the past 12 months to June 2024.
Interest rates are expected to fall soon, with a 55% chance of the Bank of England cutting rates for the first time in more than four years on August 1.
The UK housing market is currently subdued, but overall activity has been recovering.
The shortage of available properties, rather than demand from buyers, is the main factor driving higher prices in the UK housing market.
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