UK House Prices Rise for Fourth Month as Rent Costs Soar

House prices see steady growth while rental market faces significant pressure from high demand and limited supply.

Average house price in the UK reached £288,000 in June, marking a 2.7% annual increase.
Scotland saw the highest annual house price rise at 4.3%, while Northern Ireland followed with a 6.4% increase.
Private rents jumped 8.6% year-on-year in July, with London experiencing a 9.7% rise.
Lower mortgage rates are expected to boost house demand despite recent inflation concerns.
Rental market struggles with high demand and limited supply, leading to continued price increases.