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The UK housing market saw a rebound in July, with the average price of a home increasing by 0.6% to £272,664, bouncing back from a significant monthly fall in June.
Nationwide reported that the annual rate of house price growth also improved to 2.4% from 2.1%.
This recovery follows the expiry of temporary stamp duty cuts in England and Northern Ireland in April, which had previously dampened activity.
Despite high borrowing costs, property affordability is at its best in over a decade relative to average incomes, potentially easing deposit constraints for buyers.




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