UK house price growth cools as tax cut deadline passes – Nationwide

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imageEconomic Indicators4 hours ago (Jul 28, 2021 07:46)

© Reuters. FILE PHOTO: New residential homes are seen at a housing estate in Aylesbury, Britain, February 7, 2017. REUTERS/Eddie Keogh/File Photo

LONDON (Reuters) – British house prices rose 10.5% in July compared with the same month last year, slowing from June’s leap of 13.4%, as a deadline for a full tax break for home buyers passed, mortgage lender Nationwide said.

In monthly terms, house prices fell by 0.5% from June, Nationwide said on Wednesday.

Economists polled by Reuters had expected prices to rise by 12.1% in annual terms and by 0.6% from June.

UK house price growth cools as tax cut deadline passes – Nationwide

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