Economic news

Britain’s house prices advance the least in five years

Growth of prices on homes slowed to the lowest in five years in June, as Nationwide’s fresh data shows. Its house price indicator recorded a drop to 2% in yearly growth this month, falling from May’s 2.4%.

And again London became the region with the least increase, where prices slid 1.9% year-on-year, as the rest of the country was gaining.

The highest pace was in the East Midlands, with 4.4% yearly rise to an average price of £181,549 in April-June period, the West Midlands came second, 4.3% lift to an average price of £188,516.

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