UK house prices see slight uptick in june despite high mortgage costs

UK house prices rose 0.2% in June, 1.5% higher than last year, but 3% below the peak in 2022. Economists warn of prices flatlining due to increased mortgage rates.

Nationwide's chief economist noted that housing market activity remained flat over the last year. Transaction volumes are impacted more than prices, with mortgage sales down by nearly 25%.

Read at Business Matters