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02 Aug 2009
House prices expected to rise
The Nationwide's latest house price survey showed prices rose by 1.3% in July compared with the previous month.
The average UK home costs £158,871, with the annual rate of property value falls slowing sharply to 6.2%, it said.
The three-month on three-month comparison of property prices - considered a less volatile measure than the monthly data - rose from 1% in June to 2.6% in July.
This was the highest level seen since February 2007, when the housing market was booming.