UK house prices ‘remain subdued’ for third successive month

Average house price at 288,455 in June, down 0.2% on May, says Halifax, as property shortage keeps prices high

House prices remained subdued" for a third month in a row in June, as a shortage of properties kept prices high, according to the mortgage lender Halifax.

The average house price hit 288,455 last month, down only 0.2% on the 288,931 recorded in May, while house price growth on an annual basis remained unchanged at 1.6%.