House Price growth remains broadly stable in July according to Nationwide HPI
Nationwide House Price Index (HPI) July report released today headlines ‘House price growth broadly stable in July.’
Annual house price growth in July was at 2.9%, slightly down on June at 3.1%.
There was only a modest increase month on month at 0.3%.
Commenting on the figures, Robert Gardner,Nationwide’s Chief Economist said:
“The annual pace of house price growth remained broadly stable in July at 2.9%, only a touch lower than the 3.1% recorded in June.
“On the surface, this appears at odds with recent signs of cooling in the housing market. The number of housing transactions dipped to their lowest level for eight months in June, while in the same month the number of mortgages approved for house purchase moderated to a nine-month low of c.65,000.” more….
Read Nationwide HPI July report in full click here.