[B]UK House Prices[/B] grew 0.6% in July after falling -0.4% in the previous month according to Rightmove, an online listing of for-sale properties. In annualized terms, prices fell -3.1%, the smallest decline in a year. Rightmove commercial director Miles Shipside said buyers interest was rising on “growing confidence that we’ve passed the bottom”, adding that the number of people looking at property listings on Rightmove’s website is “much higher than we would expect” for this time of year. Still, Shipside warned that a robust recovery is far from imminent: “With only seven [major] lenders remaining in the lending game, including three government-backed institutions that are prioritizing their balance sheets over new lending, we are set to bump along the bottom for some time yet.” That said, loans for house purchases have steadily moved higher having hit a record low in November 2008, printing at the highest level in a year in May. On balance, rising unemployment may prove to be the largest barrier to a sustained rebound in real estate prices: the jobless rate is expected to top approach a whopping 9% by the end of this year, trimming incomes and hindering Briton’s ability to pay their mortgages. This is likely to boost repossessions, flooding the market with fresh supply and sending property values downward.