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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

UK house prices flat in July, says Lloyds, as buyers struggle with affordability

Lloyds United Kingdom
Aerial view of streets of residential buildings
House prices in Greater London were down 1.3% year on year to an average of £533,930. Photograph: Karl Hendon/Getty Images

UK house prices were broadly stagnant in July as prospective buyers were squeezed by higher mortgage rates, uncertainty around the Middle East and stretched affordability, according to the lender Lloyds.

The average property cost £299,253 in July, down by £143 compared with June, the bank’s monthly index found.

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