Nationwide warns of ‘false dawn’ after UK house prices leap 1.7%
Pent-up demand from buyers powers rebound but redundancies may cause slowdown
The UK’s biggest building society has warned of a “false dawn” in the housing market, after reporting a 1.7% leap in prices in July.
Nationwide said the rebound had been powered by pent-up demand from those who wanted to move before lockdown. There was further demand from people deciding they wanted to move after being confined in their homes for several months.