House price rises slowing - Halifax

According to the lender's monthly housing survey, property prices in the UK increased by just 1.2% in June. This is the smallest gain since November last year, and is below the average monthly rise of 2.1% seen in the previous six months, Halifax says. Martin Ellis, Halifax chief economist, believes the latest figures indicate recent increases in the cost of borrowing - brought on by rises in interest rates - are finally beginning to curb housing demand. That said, potential buyers still had to fork out an average of £159,735 if they wanted to buy a house in June. Overall, house...