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

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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

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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