July's House Price Index

UK house prices continued to slide in July.

  • The price of a typical UK house fell by 0.7% in July
  • Prices 2.6% lower than one year ago
  • Price of a typical home was £164,389

Headlines July 2012

June 2012

Monthly Index* 322.9 325.1
Monthly Change* -0.7% -0.6%
Annual Change -2.6% -1.5%
Average Price £164,389 £165,738

* Seasonally adjusted figure (Note that monthly % changes are revised when seasonal adjustment factors are re-estimated)

Commenting on the figures Robert Gardner, Nationwide's Chief Economist said:

"UK house prices declined for the fourth time in five months in July, with prices falling by 0.7%. This pushed the annual pace of price growth down to -2.6%, from -1.5% in June - the weakest outturn since August 2009."

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