Date issued: 28 Jul 2005

HOUSE PRICES RESILIENT IN FACE OF ECONOMIC UNCERTAINTY

• House prices increased by 0.2% in July, reversing the previous month’s fall
• The market continues on its broadly flat but softening trend
• The annual rate of house price inflation at its lowest since May 1996
• House prices rise more slowly than wages for the first time in nine years.

Headlines	July 2005	June 2005
Monthly index* Q1 '93 = 100	311.6	311.0
Monthly change*	0.2%	-0.2%
Annual change	2.6%	4.1%
Average price	£158,348	£157,791

* seasonally adjusted

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