UK House Price Growth Slows to 1.8% in July as Rate Expectations Turn Volatile
Updated
Updated · Mortgage Professional · Jul 31
UK House Price Growth Slows to 1.8% in July as Rate Expectations Turn Volatile
3 articles · Updated · Mortgage Professional · Jul 31
Summary
1.8% annual growth in July marked a slowdown from 2.2% in June, while Nationwide said UK house prices were broadly flat month on month and the average home cost £277,542.
Nationwide linked the softer market to geopolitical tensions, higher energy prices and volatile expectations for the Bank of England's future rate path, which have kept activity subdued.
An unchanged interest-rate decision this week offered borrowers more certainty, though industry group Propertymark said constrained supply, shifting borrowing costs and uneven regional demand still cloud the outlook.
Separate housing-tenure data showed average residence lengths have stayed near 14 years since 2010/11, while about 200,000 private renters became owner-occupiers in 2024/25 and roughly 100,000 owners moved into renting.