House prices easing, says Nationwide

Property prices gained just 0.9% this month compared to a 1.7% rise in May, the lender's quarterly housing review says. Annual house price inflation dropped to 19.1% from 19.5% over the same period - the first fall recorded in the past three months. However, the average house price still increased by another £2,000 to £151,524. This is more than double the average price at the start of the new millennium, the Nationwide survey reveals. Demographically, annualised house price growth picked up in both London and the South East, to 11% and 13% respectively, boosted by the improving j...