Overview
- Lloyds and Halifax data published on Tuesday showed average UK prices rose 0.2% in June to £299,330, the first monthly gain in four months.
- Quarterly figures still fell, with house prices down 0.4% in Q2 2026, showing the short‑term rise has not yet reversed the quarter’s decline.
- Regional splits drove the national picture, with southern England and London weak but the North East and North West recording the strongest monthly gains.
- Mortgage markets softened after a spike tied to Iran‑war inflation fears, and Nationwide cut some home loan prices twice in June, helping first‑time buyer prices to rise 0.8%.
- Lenders warn activity will move slowly until inflation keeps easing, borrowing costs stay lower and household confidence improves, so affordability and low approval rates from May remain important constraints.