Annual house price growth was little changed from June in July, down from 3.1% to 2.9%, reports Nationwide in its latest House Price Index. House prices also saw a modest increase of 0.3% over the month – down from 1.1% in June. This takes the average house price to £211,671, which is up slightly from June’s £211,301. The Chief Economist at Nationwide, Robert Gardener, comments on the figures: “The annual pace of house price growth remained broadly stable in July, at 2.9%, only a touch lower than the 3.1% recorded in June. “On the surface, this appears at odds with recent signs of cooling in the housing market. The number of housing transactions dipped to their […]