UK House Prices Jump During July and Herald a Boost for Economy

Estate agents are hoping for the best Credit: Elliott Brown flickr

ONE of Britain’s largest mortgage lenders Nationwide has reported that house prices in the UK saw their biggest monthly jump in 11 years.

On average prices across the country have risen by 1.7 percent in July which was far higher than economists in a Reuters poll had anticipated.

To support this, the Bank of England revealed that mortgage approvals had quadrupled during June as compared to the previous month although this was still lower than in previous years but the signs were promising.

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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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