![\"The](\"https:\/\/www.europesays.com\/iran\/wp-content\/uploads\/2026\/07\/The-Steady-Increase-In-House-Prices-Slows-Down-In-December-95444488-scaled-1-e1680259813926.jpg\")
\t\tHouse prices were flat in July\t<\/p>\n\t\t\tFriday 31 July 2026 7:53 am
\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n
\t\t\tFriday 31 July 2026 7:54 am\n\t<\/p>\n
\t\tHouse prices were flat in July\t<\/p>\n
House prices slumped in July after the Iran war and higher interest rates squeezed demand and triggered a slowdown in sales.<\/p>\n
Annual house price growth slowed to 1.8 last month, down from 2.2 per cent the prior month.<\/p>\n
Month on month, average house prices remained broadly flat, rising by just \u00a358 to reach \u00a3277,542, up from \u00a3277, 484 in June.<\/p>\n
Uncertainty caused by the Iran war coupled with soaring energy prices rocked consumer confidence and market sentiment. The Bank of England\u2019s decision not to lower interest rates has also impacted the market, after the conflict ended expectations of lower interest rates at the start of the year.<\/p>\n
Robert Gardner, chief economist at Nationwide, said: \u201cGeopolitical<\/a> tensions remain high, with the conflict between Iran and the US again exerting upward pressure on energy prices and market interest rates in recent weeks.\u00a0<\/p>\n \u201cFinancial market expectations for the future path of Bank Rate have been volatile, reflecting shifting views about the inflationary implications of events at home and abroad.\u201d<\/p>\n Rates decisions<\/p>\n But Gardner said that cooling inflation and slowing wage growth can give the central bank \u201cmore breathing space\u201d to assess whether further rate hikes are needed next month.<\/p>\n \u201cThe Monetary Policy Committee can take some comfort from the fact that consumer price inflation declined further in June,\u201d he said.<\/p>\n \t\t\t\t\tRead more<\/p>\n