UK house prices flatlined in July with annual growth at just 0.1%, the weakest rate since November 2023, as mortgage rate sensitivity continues to weigh on market activity.
Newly-listed homes see asking prices fall 1% this month as sellers compete harder to attract summer buyers distracted by the World Cup, hot weather and political change.
e.surv's latest data shows mortgage affordability has deteriorated sharply since 2019, with borrowing costs rising three times faster than house prices.
UK house price growth accelerated to 2.2% in June, according to Nationwide's latest house price index, with Northern Ireland once again outperforming the rest of the country.
New research from Rathbones warns property investors that second-home hotspots are underperforming equities, with house prices falling in 20 of 25 areas.