The annual rate of house price growth accelerated to 2.4 per cent on average in July, Nationwide Building Society said.

Stock market news and latest business and finance updates from Friday

The annual rate of house price growth accelerated to 2.4% on average in July, Nationwide Building Society said.

British house prices rose slightly faster than expected in July, but less than earlier in 2025 when the looming expiry of a tax break accelerated sales, while higher wages were improving affordability, mortgage lender Nationwide said on Friday.

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House prices grew 2.4 per cent in the year to July, according to Nationwide’s latest house price index, while wage growth was five per cent.

Home sale completions are ‘progressing at a healthy pace’, one housing market expert said.

The number of UK residential property transactions was 13% higher in June than July at 93,530, according to the latest figures from HM Revenue &

It said an inaccurate claim could see people paying more than the amount they were trying to recover.

Private landlords account for about 84 per cent of all tenancies in the UK, while just under a fifth of UK homes are privately rented.

The number of mortgages approved by UK lenders rose to 64,200 in June.

Due to higher house prices, stamp duty costs tend to have a bigger effect on buyers in southern England and London than in other areas

There was a 15.8 per cent rise in the number of firms in critical distress – i.e. close to bankruptcy – in the second quarter of 2025.

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New tenants are paying over £400 more per month on average in rent

Due to higher house prices, stamp duty costs tend to have a bigger effect on buyers in southern England than in other areas, Zoopla said.

The record number of homes for sale was keeping price rises in check, it said, with the average UK house price in June sitting at £268,400, up £3,350 (1.3%) from a year earlier.

The average monthly rent that a new tenant faces paying is more than £400 than it was five years ago

Here are the postal areas with the highest annual house price inflation in June 2025 followed by the average price of a home

Five years on from the start of the pandemic, the average monthly rent for a new tenant is £417 more than it would have been in 2020, Rightmove said. | ITV National News

London rents have risen by 35 per cent since the beginning of the pandemic, Rightmove’s data shows

Property firm Savills has significantly reduced its forecast for average house price growth in Britain for the current year to just 1.0 per cent, down from an earlier 4.0 per cent.

Savills also said the recent easing of mortgage regulations is likely to boost sales.

The average price has fallen by more than £4,500 in July

A high level of seller competition is limiting price growth, according to Rightmove

The monthly cost of renting rose just as fast as mortgage increases over the last three years, figures show.

Asking prices for newly advertised British houses and apartments recorded their biggest July fall in more than 20 years this month, property site Rightmove said on Monday.

The average asking price for a UK property dropped to £373,709 in July, according to Rightmove.

Rightmove blames the 1.2% fall in new sellers’ prices on the end of stamp duty discounts and more homes coming on to the market

Property experts have downgraded forecasts for house price and rental growth this year.

Homes in Britain with a sea view cost can come with a significant price premium, research from property platform Rightmove has shown.

Northern England and Wales are home to many of the house price hotspots since the pandemic, Zoopla said.

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Average house prices in the United Kingdom in May were 3.9% higher than a year earlier, after a 3.6% rise in the year to April, the Office for National Statistics said on Wednesday.

The number of homes in the private sector in London fell 6% from 1.14 million to 1.07 million last year

Property values rose by 3.9 per cent on average in the 12 months to May, up from 3.6 per cent annual growth in April, according to ONS figures

Chancellor Rachel Reeves has set out sweeping changes for those looking to buy a house.

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UK house prices have slipped into a largely unexpected tailspin. Zoopla reports that annual growth dropped to 1.4% in May 2025, while Nationwide observes a 0.8% drop in average value between May and June. Analysts had predicted an increase of 0.1% month-on-month in June, meaning the sudden drop caught many market commentators by surprise.

Deals for homes worth more than £750,000 are up 7 per cdent in June over the past year with more properties on market.

Residents in one of London ‘s most exclusive neighbourhoods say their properties are worthless and are fleeing the area due to Labour’s tax raids and out of control crime.

UK house prices are expected to rise over the coming year, according to a survey of professionals in the sector, though the market continues to face uncertainty.

The housing market’s resilience ‘continues to stand out’ following stamp duty changes, Halifax said.

UK house prices held firm in June 2025, with the latest Halifax House Price Index confirming zero month-on-month growth following a…

The housing market’s resilience ‘continues to stand out’ following stamp duty changes, Halifax said.

British house prices stagnated month-on-month during June, as economists polled by Reuters had expected, figures from Halifax showed on Monday.

The typical property value in June was £296,665

House prices stalled last month as a slowdown in the jobs market and concerns about the economy knocked confidence, an industry survey showed.

Expected interest rate cuts could support growth after drop in first-time buyers since end of stamp duty cut

The average house price across the UK in June was £271,619, according to Nationwide