LONDON (Reuters) – UK house prices rose by 5% year-on-year in July 15, the largest increase since May 2003, reflecting The ONS said house prices took a hit in the same month last year as the tax cut for home buyers ended.
July’s house price growth was up sharply from June’s 7.8%
A Reuters poll published last month showed, The surge in UK house prices is expected to end next year as the cost-of-living crisis and rising interest rates put the brakes on the market.
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