UK house prices rise in June despite ‘wider economic uncertainty’ – business live

UK house prices saw an unexpected increase in June despite broader economic uncertainties and geopolitical tensions. Rising oil prices following an attack in the Strait of Hormuz have added to the economic volatility, potentially impacting global markets. This uptick in housing prices, occurring against a backdrop of economic unease, suggests resilience in the UK property market, though the long-term implications of these global disruptions remain to be seen.