Tuesday 5 July 2011

House price indices show markets remain stagnant - Telegraph

House price indices show markets remain stagnant - Telegraph

The average UK house price crawled to £168,205 from £167,208 last month, as reports suggest the market is doing little more than "shuffling sideways".

Nationwide's index has prices remaining flat since May but down 1.1pc annually, while Halifax has prices up 0.1 pc in the same month and down 4.2pc annually, while the Land Registry has prices down 2.3pc annually.

June's slight increase has come at a time when mortgage approval figures hit the lowest level this year - which may dampen sellers' confidence.

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