House price inflation faltered in June

The Department for Communities and Local Government says the average house price in June stood at £190,883, up from £190,065 in May representing a 0.4% rise in house price inflation on a month by month basis. But in terms of the annual increase, house price inflation actually fell back to 5.2% from 5.6% the month earlier. In certain areas the fall in annual house price inflation was more pronounced, such as in London where it fell back from 7% in May to 5.8% in June. And on a regional basis England saw house price inflation fall from 5.1% In May to 4.6 in June. Overall house price infl...