Business
House prices surged in July but economists warn of false dawn – The Times
House prices rose at their fastest pace in 11 years last month as buyers piled into the market after lockdown restrictions were eased, according to the latest survey by the Nationwide building society
House prices rose at their fastest pace in 11 years last month as buyers piled into the market after lockdown restrictions were eased, according to the latest survey by the Nationwide building society.
House prices increased by 1.7 per cent last month, the steepest monthly increase that Nationwide has recorded since August 2009. The average price of a home in Britain is now £220,936, 1.5 per cent higher than a year ago.
The performance in July represents a stark contrast to June, when house pr…
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