The average UK house price fell by £10,000 in July compared with a month earlier, official figures show, as the housing market appeared to cool after the phasing out of the stamp duty holiday. The average UK house price was £256,000 in July, which was £19,000 higher than a year earlier, according to data from the Office for National Statistics (ONS). Average house prices in the year to July rose by 8%. However, the increase was down on the 13% recorded in the 12 months to June. The housing market fell slightly in July, as many homebuyers had rushed to complete their purchases before the stamp duty holiday deadline of 30 June. Read more on the Guardian website.
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