UK house prices up 0.1% in July as buyers remain cautious on interest rates
by Joanna Partridge from World news | The Guardian on (#77C1P)
Price of an average home now 277,542, up from 277,484 the previous month but lower than in May, says Nationwide
Economic uncertainty dampened UK house price growth in July as prospective house buyers remained cautious about interest rates during the US war with Iran in what should be peak housebuying season.
House prices rose by just 0.1% in July from a month earlier, according to the lender Nationwide, while annual price growth slowed to 1.8% this month, down from 2.2% in June.
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