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UK Housing Prices Dip Amid Rising Unemployment Rates

7/8/2025

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Summary

Story summary

In June, the UK housing market saw average house prices at £296,665, a slight decrease from May.
Unemployment rose to 4.5%, marking the highest rate in four years, indicating a softening job market.
Low mortgage rates continue to support modest price growth amid economic uncertainties.
The end of stamp duty cuts has decreased first-time buyers, but rising wages may help stabilize the market.

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Story summary

In June, the UK housing market saw average house prices at £296,665, a slight decrease from May.
Unemployment rose to 4.5%, marking the highest rate in four years, indicating a softening job market.
Low mortgage rates continue to support modest price growth amid economic uncertainties.
The end of stamp duty cuts has decreased first-time buyers, but rising wages may help stabilize the market.