The UK house price forecast for June 2023 shows continued growth in property prices, although at a slower pace compared to previous years.

This can be attributed to factors such as a tightening of mortgage lending regulations, the end of the stamp duty holiday, and ongoing uncertainty surrounding Brexit.

Despite the slower growth, property prices in the UK are expected to remain relatively stable, with regional variations becoming more pronounced. London and the South East are likely to experience a slower rate of growth, while regions such as the North West and the Midlands are forecasted to see stronger gains.

The rental market is also expected to remain buoyant, with demand for rental properties continuing to outstrip supply. This trend is driven by factors such as a lack of affordable housing, changing demographics, and the ongoing shift towards more flexible working arrangements.

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