# UK house prices flat in July as mortgage rates rise again 2026-08-09T06:41:06+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet Britain's housing market lost momentum in July, with house prices unchanged from June as higher mortgage rates and the Iran war weighed on demand, Lloyds Bank reported. The average property price stood at £299,253, down £143 from a month earlier. Annual price growth slowed to just 0.1%, the weakest since November 2023, from 0.7% in June. Mortgage rates have edged up again after easing earlier in the summer, with the average two-year fixed rate at 5.63% and five-year at 5.67%, both above 5%. Regional divergence widened: Northern Ireland saw the strongest annual growth (7.4%) while the south-east and London recorded annual price falls of 2% and 1.3% respectively. Lloyds expects activity and prices to remain stable for the rest of the year, though the outlook depends on mortgage rates, inflation and household confidence. ## Coverage - timesofindia.indiatimes.com Tags: house prices, Lloyds Bank, mortgage rates, regional divide, UK housing Canonical: https://indianopinion.org/uk-house-prices-flat-in-july-as-mortgage-rates-rise-again/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/uk-house-prices-flat-in-july-as-mortgage-rates-rise-again/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.