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House price growth falls to lowest level since 2023 as buyers baulk at high mortgage rates
['Ed Magnus', 'Senior This Is Money Reporter']
Money | Mail Online
House prices saw their slowest growth since late 2023 last month, according to a major lender.
The average property price fell in value by £143 in July, Lloyds Bank said, after rising just £584 in June.
At £299,253, the average house price is now only 0.1 per cent higher than a year ago, the slowest rate of annual growth since November 2023.
'Looking ahead, we expect market activity and house prices to remain relatively stable over the remainder of the year.'
In England, stronger house price growth remains concentrated in northern regions.