UK house prices edged up just 0.1% in July, now averaging £277,542 — a modest gain but still below May’s levels, signaling a stubbornly tight market. Annual growth slowed to 1.8% from 2.2%, as global tensions keep energy prices and interest rates elevated, chilling buyer enthusiasm. Builders like Taylor Wimpey are sounding the alarm, forecasting fewer completions due to lower demand and rising material costs. Estate agents report flat pricing and more grounded seller expectations, with sellers outnumbering buyers — but no panic, just market realism. Meanwhile, homeowners stay put longest — 24 years on average for outright owners, 9 for mortgage holders — while renters move on after just over four years.
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