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UK House Price Growth Cools as Tax Cut Deadline Passes – Nationwide

By:
Reuters
Updated: Jul 28, 2021, 06:50 UTC

LONDON (Reuters) - British house prices rose 10.5% in July compared with the same month last year, slowing from June's leap of 13.4%, as a deadline for a full tax break for home buyers passed, mortgage lender Nationwide said.

New residential homes are seen at a housing

In monthly terms, house prices fell by 0.5% from June, Nationwide said on Wednesday.

Economists polled by Reuters had expected prices to rise by 12.1% in annual terms and by 0.6% from June.

(Writing by William Schomberg; Editing by Kevin Liffey)

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