UK housing price inflation lower on year

Note: This section contains information in English only.
Source: MNI news
According to Nationwide the housing prices in July only increased by 0.1% on the month and were lower on the year falling from 11.8% the previous month to 10.6%. The BoE has already introduced measures to combat risks of such a high level of borrowing for home purchases and these news could finally indicate a cooling of the UK's red hot housing market.
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