UK House Price Growth Edges up, No Brexit Effect yet – Nationwide

British house prices rose at their fastest annual pace in four months in July, in data that might not yet reflect any impact from June’s vote to leave the European Union, mortgage lender Nationwide said on Thursday.

“The outlook for the housing market remains unusually uncertain and it may take several months for the underlying trends in the market to become evident,” Nationwide economist Robert Gardner said.

Nationwide said house prices rose 5.2 percent in July compared, edging up from 5.1 percent in June. Economists polled by Reuters had expected house prices to rise 4.5 percent.

Reuters

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.