UK data - July Rightmove house prices +0.1% m/m (prior -0.4%) & +2.8% y/y (+1.8%)

Asking prices for houses and apartments in England and Wales

Rightmove said average asking prices for property sold on its website increased in July, a month that usually sees slight falls in prices

  • "Price rises are muted despite high housing demand, indicating we have left the stage of the cycle where price rises exceed the rate of inflation"
  • Asking prices in most of England fell, but the overall average inched up due to gains in London contrasting with a sharp fall in June in the capital

(more details via Reuters)

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