UK House Prices Picked Up in July, May Drop in Late Autumn

Real estate agents boards are seen outside a row of terraced houses following the outbreak of the CCP virus in Manchester, England. Phil Noble/Reuters

UK house prices grew 1.7 percent in July compared to June as activity bounced back, according to figures released by the Nationwide Building Society on Friday.

House prices may, however, fall again as labor conditions worsen later in the year, experts warn.