House prices showed an effective 0% change in June, averaging at £299,253. Lloyds’ latest house price index (HPI) showed a marginal drop in house prices from £299,396 in June to £299,253 in July – a mere nominal change, effectively at 0%. Annually, this represented a 0.1% growth in house prices. This was the slowest rate of house price inflation since November 2023. Karen Noye, mortgage expert at Quilter, commented: “The housing market is increasingly at the mercy of events far beyond the UK housing sector itself.