UK House Prices Rise 0.6% in June: Lloyds

The Lloyds House Price Index showed UK house prices rose 0.6% year-on-year in June 2026, following a 0.5% increase in May. Compared to the previous month, house prices grew 0.2%, reversing May’s 0.2% decline, lifting the average property price to £299,330. Amanda Bryden, Head of Mortgages at Lloyds, said the rebound was supported by easing borrowing costs as mortgage rates retreated from recent highs. However, affordability remained stretched, while broader economic uncertainty, including global developments affecting inflation and interest rate expectations, continued to weigh on the housing market. While mortgage approvals fell 14.9% in May after higher borrowing costs earlier in the year, Lloyds expects housing activity to recover if financing costs continue to ease. Regionally, Northern Ireland posted the strongest annual house price growth at 7.4%, followed by Scotland (3.9%), the North East (2.8%), and the North West (2.4%).

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