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Housing prices continue to slow says Nationwide

Nationwide Building Society says house prices are continuing to slow for the second month running.

Its figures indicate house prices rose by an average of 15.1 per cent in the year to June, compared with 15.8 per cent in May and 17.5 per cent in April.

The number of actual houses sold rose to 124,000 in May from 99,000 in April.

Nationwide divisional director of planning David Parry says the slowdown had been expected.

“There is a good chance that annual house price inflation will continue to decline during this period.”

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