Source: Sharecast
House prices increased 0.4% on the month following a 0.1% rise in June.
On the year, prices rose 2.4% in July, down from 2.7% growth a month earlier.
The average price of a home stood at £298,237 last month, up from £297,157 in June.
Amanda Bryden, head of mortgages at Halifax, said: "While the national average remains close to a record high, it’s worth remembering that prices vary widely across the country depending on a number of factors, not least location and property type.
"Challenges remain for those looking to move up or onto the property ladder. But with mortgage rates continuing to ease and wages still rising, the picture on affordability is gradually improving.
"Combined with the more flexible affordability assessments now in place, the result is a housing market that continues to show resilience, with activity levels holding up well.
"We expect house prices to follow a steady path of modest gains through the rest of the year."
