House prices remain stable but annual growth negative

mortgage application forms 1

Rise in borrowing costs yet to signficantly hit sentiment, says Nationwide

House prices rose 0.1% in June compared to the previous month, according to Nationwide’s monthly index.

The lender said however that prices are down 3.5% compared to June last year, which comes on the back of a similar, 3.4% fall the previous month.

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