FOREX TradingCharts.com

Financial News: UK House Prices Remain Flat In June: Halifax

UK House Prices Remain Flat In June: Halifax

07/07/2025 - 03:16:00 (RTTNews)

(RTTNews) - UK house prices remained flat in June after falling last month as more first-time buyers returned to the market, data from the mortgage lender Halifax showed on Monday.

House prices stagnated on a monthly basis, reversing May's 0.3 percent decrease. Prices were forecast to fall 0.1 percent.

At the same time, annual growth in house prices softened to 2.5 percent from 2.6 percent in the preceding period.

"The market's resilience continues to stand out and, after a brief slowdown following the spring stamp duty changes, mortgage approvals and property transactions have both picked up, with more buyers returning to the market," Halifax Head of Mortgages Amanda Bryden said.

Rising wages and stabilizing interest rates in recent months gave people more confidence to plan ahead, Bryden noted.

"Lenders have also responded to new regulatory guidance by taking a more flexible approach to affordability assessments," said Bryden.

However, she observed that stretched affordability, uncertain economic backdrop, above target inflation are challenges.

Nonetheless, with markets pricing in two more rate cuts from the Bank of England by year end, and the average rate on newly drawn mortgages now at its lowest since 2023, Bryden continues to expect moderate growth in house prices in the second half of the year.

The BoE has lowered the benchmark Bank Rate four times since last August. The previous change was in May, when the rate was cut by 25 basis points.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Russia Slashes Interest Rates Again On Easing Price Pressures (01 hr(s), 46 min(s), 18 sec(s) ago)
(RTTNews) - Russia's central bank lowered the key interest rate massively for a second policy ...Full Story»

UK Retail Sales Rebound As Warm Weather Boosts Spending (03 hr(s), 13 min(s), 18 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted consumer spending but consum ...Full Story»

Eurozone Bank Lending Growth Improves (04 hr(s), 06 min(s), 18 sec(s) ago)
(RTTNews) - Eurozone bank lending increased at a faster pace in June despite trade tariff concerns ...Full Story»

Russia Central Bank Cuts Interest Rate By 200 Bps (05 hr(s), 07 min(s), 18 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate by 200 basis points on Friday cit ...Full Story»

German Business Sentiment Strongest In More Than A Year (05 hr(s), 45 min(s), 18 sec(s) ago)
(RTTNews) - German business confidence improved to the highest level in more than a year in July d ...Full Story»

French Consumer Sentiment Improves Marginally (06 hr(s), 35 min(s), 18 sec(s) ago)
(RTTNews) - French consumer confidence improved marginally in July, monthly survey results from th ...Full Story»

Singapore Industrial Production Recovers In June (08 hr(s), 06 min(s), 18 sec(s) ago)
(RTTNews) - Singapore's industrial production growth accelerated in June, figures from Economi ...Full Story»

UK Retail Sales Recover In June (09 hr(s), 03 min(s), 18 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted food and non-food store sale ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Russia Slashes Interest Rates Again On Easing Price Pressures

07/25/2025 - 10:16 AM (RTTNews)
(RTTNews) - Russia's central bank lowered the key interest rate massively for a second policy ...Full Story>>

UK Retail Sales Rebound As Warm Weather Boosts Spending

07/25/2025 - 08:49 AM (RTTNews)
(RTTNews) - UK retail sales recovered in June as warm weather boosted consumer spending but consum ...Full Story>>

Eurozone Bank Lending Growth Improves

07/25/2025 - 07:56 AM (RTTNews)
(RTTNews) - Eurozone bank lending increased at a faster pace in June despite trade tariff concerns ...Full Story>>

Russia Central Bank Cuts Interest Rate By 200 Bps

07/25/2025 - 06:55 AM (RTTNews)
(RTTNews) - Russia's central bank slashed its benchmark rate by 200 basis points on Friday cit ...Full Story>>

German Business Sentiment Strongest In More Than A Year

07/25/2025 - 06:17 AM (RTTNews)
(RTTNews) - German business confidence improved to the highest level in more than a year in July d ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.