Why house prices are flatlining - and what it means for sellers and buyers

UK house price growth has ground to a halt, with the latest figures suggesting the property market is losing momentum once again.

The average home was worth £299,253 in July, according to the Lloyds house price index, unchanged from June and leaving annual growth at just 0.1 per cent – the lowest level since November 2023.

Higher mortgage rates, economic uncertainty and weaker buyer confidence are all combining to cool activity, experts say, although the situation varies significantly across the UK.

While Northern Ireland and much of northern England continue to record stronger price growth, parts of southern England including London are seeing values fall.

For buyers, a quieter market could create opportunities, but for sellers, it means pricing correctly and being realistic has rarely been more important.