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Slight uptick in annual house price growth according to Nationwide

Latest Nationwide House Price Index report – July 2018 released today headlines ‘July sees modest rebound in annual house price growth’.

 

The report reveals that annual house price growth picks up to 2.5% and that prices rose 0.6% month-on-month.

Commenting on the figures, Robert Gardner,Nationwide’s Chief Economist, said:

“There was a slight uptick in annual house price growth in July to 2.5%, from 2.0% in June. Nonetheless, annual house price growth remains within the fairly narrow range of c2-3% which has prevailed over the past 12 months, suggesting little change in the balance between demand and supply in the market.

“Looking further ahead, much will depend on how broader economic conditions evolve, especially in the labour market, but also with respect to interest rates.” more…..

Read the latest Nationwide House price Index report- July 2018 in full click here.

Allen Walkey

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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