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Wednesday 28 June 2017

UK house prices hit new high

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.