Stock levels low
The average UK house price jumped by 1.1 per cent in June, from £208,711 to a record high of £211,301.
This took the annual rate of growth up to +3.1 per cent, according to Nationwide.
The jump in prices came in spite of a recent squeeze on household incomes.
Nationwide noted that the stock levels on agents' book were close to all-time lows.
