The average UK house price rose by 0.5% in July to £205,715, figures from Nationwide showed. On the year, growth edged up to 5.2% from 5.1% in June.
The company’s data relates to the mortgage offer stage, and may therefore not fully reflect the impact of the Brexit vote, chief economist Robert Gardner said.
He noted an unusually uncertain outlook, and said the economic uncertainty could lead to weaker demand for homes in the near term.
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