July 31, 2020 / 6:28 AM / 8 days ago

UK house prices jump in July - Nationwide

LONDON, July 31 (Reuters) - British house prices jumped in July, erasing around half the losses that were recorded during May and June due to COVID-19, figures from mortgage lender Nationwide showed on Friday.

House prices rose by 1.7% in July, well above gains forecast by economists in a Reuters poll, after dropping 1.6% in June and 1.7% in May, and are now 1.5% higher than a year ago.

Reporting by David Milliken; editing by John Stonestreet

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