UK house prices increased by 0.5% in July and, as a result, the annual rate of house price growth was little changed at 5.2%, compared with 5.1% in June. "This is the first month's data following the EU referendum. However, it is important to note that, in constructing the index, we use data at the mortgage offer stage - this means any impact from the vote may not be fully evident in July's figures, as there is a short lag between a buyer making the decision to purchase a property and applying for a mortgage.