House prices: Surprise increase in property price growth in July

The average UK home now valued at £217,010 having risen from £215,444 the previous month. (Image: GETTY ) The data indicates that house price growth rose to 2.5 per cent in July, up from two per cent in June, with the average UK home now valued at £217,010 having risen from £215,444 the previous month. This moderately positive news comes ahead of the expected rise tomorrow in the Bank of England Base Rate, potentially to 0.75 per cent, which would be the highest level since 2007. However, many experts suggest…

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