UK Housing Market Stalls in July as Rising Mortgage Rates Dampen Demand
Britain's housing market lost steam in July 2026, with property prices remaining largely flat amid rising mortgage rates and broader economic uncertainty. Buyer demand has taken a significant hit as borrowing costs climb, putting pressure on affordability across the country. A clear regional divide has emerged, with Northern Ireland and Scotland posting the strongest annual price growth, while southern regions recorded notable price declines. The widening north-south gap reflects uneven economic conditions across the UK. Analysts warn the market is likely to remain under pressure through the second half of 2026 as elevated borrowing costs persist.
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