House prices in the United Kingdom observed an annual rise of 2.3% in July, Halifax said in its House Price Index report published on Wednesday. This growth pushes the typical cost of a UK property to £291,268, according to the report.
The House Price Index (HPI) in the United Kingdom increased by 0.8% on a monthly basis, rebounding from a 0.2% decline in June 2024.
"We anticipate house prices to continue a modest upward trend throughout the remainder of this year," a Halifax spokesperson stated.