UK House Prices Fall For First Time Since 2023

UK Mortgage Approvals Lowest Since 2024

UK mortgage approvals declined to the lowest since early 2024, while consumer credit reached its highest level since late 2025, the Bank of England said Tuesday. The number of mortgages approved in July declined unexpectedly to 56,053 from 58,215 in June. This was the lowest since January 2024.

RTTNews | 9 days ago

UK House Price Growth Accelerates

UK house price growth accelerated in August despite economic uncertainties, data from the Nationwide Building Society showed Tuesday. House prices grew 1.6 percent on a yearly basis, faster than the 1.4 percent rise in July but weaker than economists' forecast of 2.0 percent. Month-on-month, house prices gained 0.2 percent, in contrast to the 0.1 percent fall in July.

RTTNews | 9 days ago

U.K. Inflation Rises On Household Energy Bills

U.K. consumer price inflation accelerated in July as the Middle East crisis stoked household energy prices, official data showed Wednesday. The consumer price index posted an annual growth of 2.9 percent in July, faster than the 2.6 percent rise in June, the Office for National Statistics said. This was the highest in four months and matched economists' expectations.

RTTNews | 22 days ago

UK Labor Market Shows Signs Of Cooling

The UK unemployment rate remained stable at 4.9% in the three months to June, while job vacancies fell by 6,000 and payroll employment declined 94,000 year-over-year, signaling weakness in the labor market.

RTTNews | 23 days ago

UK Q2 GDP Expands 0.4% On Household Spending, Investment

The UK economy grew 0.4% in Q2 as household consumption and gross fixed capital formation drove expansion. Household spending rose 0.3% while business investment climbed 1.7%. Government spending declined 0.3%, the Office for National Statistics reported.

RTTNews | 28 days ago

UK Lloyds House Prices Remain Unchanged

UK house prices stalled in July amid a more uncertain economic backdrop this year, data published by Lloyds Banking Group showed Friday. House prices posted a flat growth in July, following a 0.2 percent rise in June. Prices were expected to climb again by 0.2 percent.

RTTNews | 34 days ago

UK Construction Activity Shrinks At Slowest Pace In 4 Months

The UK construction activity contracted at the slowest pace in four months in July on slower fall in new orders, purchasing managers' survey data from S&P Global showed Thursday. The construction Purchasing Managers' Index rose to a four-month high of 44.7 from 38.4 in June. However, the index remained below the neutral 50.0 threshold.

RTTNews | 35 days ago

UK House Price Growth Eases In July

UK house prices grew at a slower pace in July as geopolitical tensions and fears of interest rate hikes weighed on property demand, data from mortgage lender Nationwide Building Society revealed Friday. House prices registered an annual increase of 1.8 percent after rising 2.2 percent in June. Prices were expected to grow 1.9 percent.

RTTNews | 41 days ago

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