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The Guardian - UK
The Guardian - UK
Business
Jack Simpson

UK house prices ‘to rise through rest of year’ after jump in July

Multicoloured row of terrace houses in Notting Hill, London
UK house prices have risen by 2.3% over the past year, Halifax says. Photograph: Alexander Spatari/Getty Images

UK house prices increased by 0.8% in July, and lower mortgage rates are expected to lead to continued growth throughout the rest of the year, according to the mortgage lender Halifax.

The average house price in the UK across July was £291,268, a 0.8% rise on the £289,042 recorded in June. It marks a significant uptick after three subdued months, during which there were rises of between 0.1% and 0.2%.

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