UK house prices rose in July, defying expectations for further decline, survey data from the Nationwide Building Society showed on Friday.
The house price index rose 1.5 percent year-on-year after a 0.1 percent fall in June. Economists had forecast a 0.3 percent drop.
House prices rose 1.7 percent from June, when they fell 1.4 percent. Economists had expected a 0.1 percent decline. The monthly increase was the first since April.
The stamp duty holiday is likely to provide further support in the near term, Nationwide said.
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