By Daniel Hunter
Figures released by the Nationwide building society show that UK house prices recorded their biggest year-on-year increase for nearly three years in July.
Annual price growth hit 3.9%, the lender said, which meant the average home cost £170,825.
Average prices rose by 0.8% compared with June, with the building society describing the increase as "robust".
However, it said that housing remained in relatively short supply, as rental costs were still rising.
Property prices a year ago were falling, according to the Nationwide's calculations, so this was part of the explanation behind the large annual change.
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