House price growth steady in July

  The Nationwide have released their House Price Index for July.   House prices increased by 0.5% in July Annual house price growth similar to last month at 5.2%  Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said: “UK house prices increased by 0.5% in July and, as a result, the annual rate of house price growth was little changed at 5.2%, compared with 5.1% in June. “This is the first month’s data following the EU referendum. However, it is important to note that, in constructing the index, we use data at the mortgage offer stage – this means any impact from the vote may not be fully evident in July’s figures, as there is a short lag between a buyer making the decision to purchase a property and applying for a mortgage. Housing market outlook unusually uncertain “It will be tempting for commentators to assign any trends in...
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