UK House Price Inflation Unexpectedly Recovers In July

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.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Leave a Reply