India, Aug. 1 -- UK house prices grew at a faster pace in July reflecting steadily improving housing affordability and moderate fall in mortgage rates, Nationwide Building Society said on Friday.
House prices increased 2.4 percent on a yearly basis in July, following June's 2.1 percent increase. Prices were expected to climb at a steady pace of 2.1 percent in July.
On a monthly basis, house prices grew 0.6 percent, in contrast to the 0.9 percent decrease in June.
"Looking through the volatility generated by the end of the stamp duty holiday, activity appears to be holding up well," Nationwide's Chief Economist Robert Gardner said.
Gardner noted that housing affordability has improved steadily since marked deterioration in housing market...