UK Housing Market Could Be Slowing but Resilience is Still a Possibility

The UK house prices have month after month surprised experts. They did so during the pandemic and are still doing so despite high inflation and rising interest rates. However, despite house prices increasing to another record high in June, it is expected that buyers will begin to leave the market later in the year. Rightmove reported asking prices rose for the fifth consecutive month in June. The 0.3% increase put the average asking price at £368,614.