UK House Prices Surge with Largest Monthly Increase Since January
Average property prices rise by over £2,200 in July amid first Bank of England rate cut in four years
- UK house prices rose 0.8% in July, the fastest monthly increase since January.
- The average house price in the UK is now £291,268, up over £2,200 from June.
- The Bank of England cut its base rate from 5.25% to 5%, the first reduction in four years.
- Economists predict further rate cuts, potentially boosting the housing market.
- High demand and low supply in certain regions are driving significant price increases.
The Independent 
Evening Standard 
The Telegraph 
The Guardian 
BBC 
Sky News 