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British house prices gain bit of momentum in July

In monthly terms, prices rose by 0.6 percent in July from June, faster than the Reuters poll forecast of 0.2 percent.


Reuters 01 Aug 2018, 06:07 AM United Kingdom
  • In monthly terms, prices rose by 0.6 percent in July from June, faster than the Reuters poll forecast of 0.2 percent. (Image Credit: Pxhere)

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 on Wednesday.

House prices across the United Kingdom were on average 2.5 percent higher than in July last year, faster than the growth of 2.0 per cent in June and above a forecast for a 1.9 per cent rise in a Reuters poll of economists.

In monthly terms, prices rose by 0.6 per cent in July from June, faster than the Reuters poll forecast of 0.2 per cent.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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United Kingdom

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