- Halifax/Llyods house prices +0.2% vs +0.1% m/m expected
- Prior -0.1%
UK house prices rose for the first time in four months in June, with the typical property now costing £299,330 on average. Of note, the annual growth also nudged up a little to 0.6% but the quarterly change reflects a 0.4% decline to house prices for Q2 2026.
Overall, it still points to some added resilience in the UK housing market despite all the recent trials and tribulations.
Halifax/Llyods notes that:
“Recent price trends continue to reflect wider economic uncertainty, including the impact of global events on inflation and interest rate expectations. While affordability remains stretched for many buyers, mortgage rates have eased from their recent highs, offering some encouragement to those considering a move.
While latest industry data shows the number of new mortgage approvals dropped in May, this wasn’t unexpected given the spike in rates seen earlier this year, and we’d expect to see activity recover assuming borrowing costs continue to fall.
Looking ahead, we expect the housing market to continue moving at a measured pace. Lower borrowing costs should provide some support for demand, though affordability constraints remain an important factor. The outlook for house prices will depend largely on inflation continuing to ease and household confidence gradually improving.”
This article was written by Justin Low at investinglive.com.
