Business · 1 August 2026
UK house price growth slowed to 0.1% in July
Economic uncertainty and high interest rates made buyers cautious, slowing UK house price growth to just 0.1% in July. Nationwide reported annual growth dropped to 1.8% from 2.2% in June, with the average home now costing £277,542. The Bank of England cautioned that additional conflict in Iran might lead to inflation exceeding 4% next year.
Reported by The Guardian · How we write briefs