UK House Prices Pick Up A Little Speed In July

British house prices gained a bit of momentum in July after rising at their slowest annual rate in five years in June, mortgage lender Nationwide said. House prices rose by an average 2.5 percent from July last year, faster than growth of 2.0 percent in June and above a forecast for a 1.9 percent rise in a Reuters poll of economists. In monthly terms, prices rose by 0.6 percent in July from June, faster than the Reuters poll forecast of 0.2 percent. Nationwide said the annual increase remained in the narrow 2-3 percent range of the past 12 months and the lender still expected prices to rise by only 1 percent in 2018. Read more on the Reuters website.

https://in.reuters.com/article/britain-houseprices-nationwide/update-1-uk-house-prices-pick-up-a-little-speed-in-july-nationwide-idINL5N1US1H0