UK House Price Growth Lowest Since 2023

2026-08-07 06:10 By Kyrie Dichosa 1 min. read

The Lloyds House Price Index showed UK house prices rose 0.1% year-on-year in July 2026, slowing from a revised 0.7% increase in June and below expectations for a 0.4% gain.

This marked the weakest annual growth since November 2023.

Monthly, house prices were unchanged after rising 0.2% in June, leaving the average property price at £299,253.

Amanda Bryden, Head of Mortgages at Lloyds, said prices have remained relatively stable for almost two years despite a more uncertain economic backdrop.

Affordability remained challenging, while mortgage rates edged higher following recent Middle East events after easing earlier in the summer.

Lloyds expects prices and activity to remain stable through year-end, with the outlook shaped by mortgage rates, inflation and household confidence.

Regionally, Northern Ireland recorded the strongest annual growth at 7.4%, followed by Scotland at 3.6%, the North East at 2.8%, and the North West at 2.1%.



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UK House Price Growth Lowest Since 2023
The Lloyds House Price Index showed UK house prices rose 0.1% year-on-year in July 2026, slowing from a revised 0.7% increase in June and below expectations for a 0.4% gain. This marked the weakest annual growth since November 2023. Monthly, house prices were unchanged after rising 0.2% in June, leaving the average property price at £299,253. Amanda Bryden, Head of Mortgages at Lloyds, said prices have remained relatively stable for almost two years despite a more uncertain economic backdrop. Affordability remained challenging, while mortgage rates edged higher following recent Middle East events after easing earlier in the summer. Lloyds expects prices and activity to remain stable through year-end, with the outlook shaped by mortgage rates, inflation and household confidence. Regionally, Northern Ireland recorded the strongest annual growth at 7.4%, followed by Scotland at 3.6%, the North East at 2.8%, and the North West at 2.1%.
2026-08-07
UK House Prices Rise 0.6% in June: Lloyds
The Lloyds House Price Index showed UK house prices rose 0.6% year-on-year in June 2026, following a 0.5% increase in May. Compared to the previous month, house prices grew 0.2%, reversing May's 0.2% decline, lifting the average property price to £299,330. Amanda Bryden, Head of Mortgages at Lloyds, said the rebound was supported by easing borrowing costs as mortgage rates retreated from recent highs. However, affordability remained stretched, while broader economic uncertainty, including global developments affecting inflation and interest rate expectations, continued to weigh on the housing market. While mortgage approvals fell 14.9% in May after higher borrowing costs earlier in the year, Lloyds expects housing activity to recover if financing costs continue to ease. Regionally, Northern Ireland posted the strongest annual house price growth at 7.4%, followed by Scotland (3.9%), the North East (2.8%), and the North West (2.4%).
2026-07-07
UK House Prices Rise Less Than Expected: Halifax
The Halifax House Price Index showed UK house prices rose 0.5% year-on-year in May 2026, below the expected 1.0% increase and following a 0.4% gain in April. The average UK house price stood at £298,806. On a monthly basis, prices fell 0.1%, matching the decline recorded in April and contrasting with forecasts of a 0.1% increase. Amanda Bryden, Head of Mortgages at Halifax, noted that uncertainty surrounding developments in the Middle East and higher inflation expectations have kept borrowing costs elevated despite recent mortgage rate cuts, weighing on affordability and demand. Still, housing market activity has remained resilient, with transaction levels holding relatively steady. Regionally, Northern Ireland recorded the strongest annual house price growth at 7.8%, followed by Scotland (3.8%), the North East (3.1%), and the North West (3.0%). By contrast, prices fell in the South East (-2.1%) and London (-1.5%).
2026-06-05