UK house prices rise slightly in July, says RightmoveStaff Writer |
Britain In London, house prices advanced 1.1%
UK house prices increased only marginally in July as subdued wage growth weighed on affordability, property website Rightmove reported Monday.
On a yearly basis, house prices advanced 2.8%.
Wage growth is muted, there are signs that consumer credit is tightening, and at some point there will be the first rise in mortgage interest rates for a decade or more which will come as a shock to buyers, Rightmove Director Miles Shipside, said.
Nonetheless, in London, house prices advanced 1.1% from June. ■
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