“June’s rise in prices was the first monthly gain since before the start of the Iran war at the end of February,” Ashley Webb, senior UK economist at Capital Economics, said. “[The increase] suggests that the weak housing market may be starting to turn a corner, especially if the recent fall in swap rates, which underpin the pricing of fixed mortgages, is sustained.”
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Webb is predicting that house prices will rise by about 1.5 per cent across 2026 as a whole and said any worries that he was being too optimistic “are starting to fade” following the latest Lloyds data.