UK house prices rebound as market recovers from June dip

Average price of property rises 0.6% in July to 272,664, says Nationwide

House prices in the UK returned to growth last month, as the market recovered from a dip in June after the end of a tax break on stamp duty.

The average price of a home rose 0.6% in July to 272,664, bouncing back from the biggest month-on-month fall in more than two years in June, according to Nationwide.