Nationwide: House prices stable in June

The data also records that demand remains subdued, but so does supply.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said:

“Stability remained the theme in June, with house prices flat over the month. This left house prices 1.1% below the level prevailing in June 2010.

“At 0.3%, the three month on three month measure of house prices was slightly weaker than the 0.6% pace of increase recorded in May.

“The property market has moved sideways over the past six months, and June’s data suggest that trend is being maintained through the summer months."

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