House prices continued to grow at a steady pace in July, with the cost of property rising 1%, accord...
House prices continued to grow at a steady pace in July, with the cost of property rising 1%, according to Nationwide's latest monthly survey. Its figures show that an average house now costs £128,251 – an increase of about £11,000 since the beginning of the year. However, annual house price inflation dropped for the fourth month in a row to 17.9% from 19.2% in June, reflecting a slowdown in house price growth. The survey also shows that the number of first-time buyers is at its lowest level for more than 20 years - down 31% since the same time last year. This co...
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