UK housing market sees slowest growth rate for five years

UK house prices growing at slow rate
Nationwide reports that house market remains subdued as London prices fall for second quarter

According to Nationwide’s monthly report, UK house prices have grown at the slowest rate in five years during June. The annual price growth slowed to 2% this month, down from 2.4% in May, representing the lowest rate of growth since June 2013.

After edging up by 0.5% on a monthly basis in June the average price of a UK home now stands at £215,444.

Although it is still by far the most expensive place to purchase a home, the average property price in London fell by 1.9% in the second quarter of the year to £468,845.


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