UK house price growth slowed in June

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The National Building Society reported the slowdown in housing prices in the UK in June. Compared with June of last year, prices rose by 0.5% against an increase of 0.6% in May. At the same time, economists had expected an even greater slowdown in their growth - up to 0.2%. As for May, housing has risen in price by 0.1%, while in May, its value decreased by 0.2%. In the second quarter, prices in the UK housing market rose by 0.6%. Compared to the 0.4% rise in the previous quarter, the price increase accelerated slightly. At the same time, in London, there was a decrease in prices for the eighth quarter in a row. Brexit uncertainty has a negative impact on sentiment in the housing market, although the UK labor market remains strong, while borrowing costs are low.

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