Why Britain's Housing Market Is Losing Momentum as Mortgage Rates Rise Again The latest data from Lloyds suggests that Britain's housing market has stalled, with house prices remaining flat in July and mortgage rates continuing to rise.
The market's sluggish performance may seem like a minor blip on the radar, but it reflects a complex interplay of economic forces.
One striking feature of the current market is the widening north south divide across the UK. While Northern Ireland defies the trend with 7. 4% annual price growth, other regions experience a very different story.