Halifax: UK house prices miss spring bounce amid high mortgage rates

The latest Halifax House Price Index shows the property market remained flat in June - will the general election result boost the market?

house on pile of coins
(Image credit: Getty Images)

Average house prices dipped slightly on a monthly basis in June, reflecting a subdued property market amid low supply and high mortgage rates, Halifax data suggests.

The latest Halifax House Price Index shows that while annual price growth rose for the seventh consecutive month, typical values dropped by 0.2% on a monthly basis.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.