UK house prices stall for second straight month as agents warn of summer slump

Average price of typical home little changed at £277,484 in June, says Nationwide, while housebuilder shares fall Business live – latest updates UK house price growth stalled for a second consecutive month in June as rising interest rates triggered by the war in Iran hurt homebuyer demand and agents warned of a summer slump.The average price of a typical UK home edged down to £277,484 last month from £278,024 a month earlier, after a 0.6% month-on-month fall in May, according to the lender Nationwide. Economists had forecast a small monthly rise of 0.1% in June. Continue reading...