UK house price growth slows to 1.8% in July: What's weighing on the market?
House prices in Britain recorded a modest increase for the month of July, but the annual growth has notably slowed when juxtaposed with June's figures. Continuous high borrowing costs and economic concerns are taking their toll on the real estate landscape. Moreover, geopolitical strains are introducing additional uncertainty for financial markets. Meanwhile, the Bank of England held steady, keeping interest rates at 3.75%.
House prices in Britain recorded a modest increase for the month of July, but the annual growth has notably slowed when juxtaposed with June's figures. Continuous high borrowing costs and economic concerns are taking their toll on the real estate landscape. Moreover, geopolitical strains are introducing additional uncertainty for financial markets. Meanwhile, the Bank of England held steady, keeping interest rates at 3.75%.
