UK house price growth slowed in June


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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