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Annual house price growth 'slows'

Growth in UK house prices slowed in the year to July, according to the country's largest mortgage lender, although they are still rising "robustly".

The pace of increase in UK house prices accelerated in July, rising by 3.5% compared with a year earlier, according to the Nationwide.

The annual rate of house price growth slowed again last month, the Nationwide building society says, falling to a two-year low of 3.3%.

The rate of house price increase in the East of England has almost reached the level of the South East, latest figures show.

UK house price growth eased in the year to April, partly due to a slowdown in London, official figures have shown.

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