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The Independent UK

Business

Vicky Shaw

‘Surprising momentum’ in housing market as prices increase by 11% annually

Housing Market Nationwide Nationwide Building Society Robert Gardner Bank of England Bestinvest

PA Archive

The housing market retained a surprising degree of momentum in July, despite the mounting pressures on household budgets, according to an index.

Annual UK house price growth accelerated slightly in July to 11.0%, from 10.7% in June, according to Nationwide Building Society, which added that it expects the market to slow in the months ahead.

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