Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

UK House Prices Rise marginally In July

UK house prices increased only marginally in July as subdued wage growth weighed on affordability, property website Rightmove reported Monday.

Asking prices edged up 0.1 per cent in July from June. Average asking prices of property reached GBP 316,421. On a yearly basis, house prices advanced 2.8 per cent.

Wage growth is muted, there are signs that consumer credit is tightening, and at some point there will be the first rise in mortgage interest rates for a decade or more which will come as a shock to buyers, Rightmove Director Miles Shipside, said.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.