Nationwide said on Friday that house prices in the U.K. were higher by 0.8 percent in July from June and 3.9 percent higher than in July 2012. This marks the strongest annual growth three years. A typical home is now worth £170,825 ($260,098), the highest since June 2008 when prices were at £172,415.
“Signs of a modest improvement in wider economic conditions and further modest gains in employment are likely to be lifting buyer sentiment,” Robert Gardner, Nationwide’s chief economist said in a press release.
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