UK housing market saw a slight uptick in June, with house prices rising by 0.2% from May and 1.5% from the previous year to an average of £266,604.

Total housing market activity remains sluggish, with mortgage transactions down by 25% due to higher borrowing costs.

Cash transactions have increased by 5% from pre-pandemic levels.

Regional variations in house prices exist, with some areas experiencing growth while others see declines.

Market experts predict a potential interest rate cut by the Bank of England in August to boost the housing market.

Despite uncertainties surrounding the upcoming General Election, buyer activity has increased, with online mortgage advisers offering free services.

Sellers remain active in the market, with buyer demand showing positive trends.

Overall, the housing market is expected to show modest growth throughout the year, with potential support from lower interest rates.