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Home Price Index

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British House Prices Rise with Originations 

Jul 31, 2009By

British home builder Nationwide saw its third month of home price increases in July, according to a house price index released Thursday. House prices gained 1.3% on a seasonally adjusted basis in July. The three-month-on-three-month rate of change gained 1% in June to 2.6% in July — the highest level since February 2007. UK house prices are still 6.2% lower than 12 months ago, Nationwide said, but this represents a significant improvement from the 9.3% year-on-year decline seen in June.

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