The Nationwide's House Price Index in the UK increased by 0.3 percent year-on-year in July 2019, after a 0.5 percent rise in the previous month and compared to market expectations of a 0.1 percent gain. House price growth remained below 1 percent for the eighth month in a row. “Surveyors report that new buyer enquiries have increased a little, though key consumer confidence indicators remain subdued. Data on the number of property transactions points to a slowdown in activity, though the number of mortgages approved for house purchase has remained broadly stable. “Housing market trends will remain heavily dependent on developments in the broader economy. In the near term, healthy labour market conditions and low borrowing costs will provide underlying support, though uncertainty is likely to continue to exert a drag on sentiment and activity.", Robert Gardner, Nationwide's Chief Economist, said. On a monthly basis, housing prices rose 0.3 percent in July. Nationwide Housing Prices in the United Kingdom averaged 256.51 Index Points from 1991 until 2019, reaching an all time high of 432.91 Index Points in July of 2018 and a record low of 98.95 Index Points in November of 1992.