House prices see biggest monthly fall for over two years

UK house prices experienced their largest monthly drop in over two years in June, with a 0.8% decrease, possibly due to weakened demand post-changes in stamp duty. Despite this decline, prices rose by 2.1% annually, the slowest growth rate in almost a year. Nationwide anticipates a resurgence in housing market activity as economic factors like low unemployment, rising wages, and possible interest rate cuts by the Bank of England continue to support potential homebuyers.