finance
UK House Prices Rise 2.2% Year Over Year in June
Nationwide reported annual house price growth of 2.2% for June, below the 2.5% forecast. Monthly prices were unchanged from May.
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UK house prices increased 2.2% from a year earlier in June, according to data released by Nationwide. The figure came in below the 2.5% estimate and followed a 1.7% rise in May. Nationwide also reported no change in house prices on a month-to-month basis.
Economists had projected a 0.1% increase after a 0.6% decline the prior month. The annual reading marks an acceleration from the May pace while remaining short of expectations. The monthly result indicates prices held steady after the previous decline.
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