Reported 23 days ago
The UK housing market experienced stagnation in June due to a slowdown in job growth and rising economic uncertainty, with average house prices remaining unchanged since May, according to Halifax's latest house price index. While annual prices have increased by 2.5%, many factors, including elevated unemployment rates and affordability issues, continue to challenge prospective homeowners, leading experts to suggest the market struggles to regain momentum after recent tax hikes and labor market downturns.
Source: YAHOO