UK house prices edge up 0.1% in July as annual growth slows to 1.8%, Nationwide says

Nationwide reported UK house prices rose 0.1% in July to an average of £277,542 — the first monthly gain in three months — while annual growth slowed to 1.8% from 2.2% in June. Nationwide linked the softer trend to volatile interest-rate expectations, with higher energy prices feeding through to market rates. For buyers, prices are holding rather than climbing, preserving some negotiating room; for sellers, demand is steady but pricing power is limited. A gentle firming, not a return to strong growth.