UK house prices slowed sharply in May

Ashley Webb, senior UK economist at Capital Economics, said: “We suspect house prices will fall a bit further in the coming months, but if the Strait of Hormuz were to reopen soon and mortgage rates...

Ashley Webb, senior UK economist at Capital Economics, said the figures showed that the “leap in mortgage rates” since the start of the Iran war had dented the market, underlining the weakness that...

Ashley Webb, senior UK economist at Capital Economics, said: “[The fall] provides further evidence that the leap in mortgage rates since the start of the Iran war is denting house price growth.”