Average house prices flatlined in July, remaining at £299,253 following a 0.2% rise in June, the latest house price index from Lloyds reveals. The North East recorded annual growth of 2.8% to £182,488 and the North West saw prices rise by 2.1% to £247,836. By contrast, the weakest regional markets in terms of growth remain in southern England, where average prices remain much higher. Lloyds head of mortgages Amanda Bryden says: “Average house prices have remained relatively stable for almost two years, moving within a narrow range over that period and sitting just 0.5% higher than they were in November 2024. “Looking ahead, we expect market activity and house prices to remain relatively stable over the remainder of the year.”