Annual house price growth on the slide - Nationwide

Figures published by the building society suggest that, after hitting double digit growth of 10.5% in April, annual house price inflation dropped to 9.8% in May and fell a further 1.1% this month.   House prices have risen a cumulative 3% over the first half of the year, with the average reaching £170,111 in June. Monthly house price growth remains broadly stable, increasing just 0.1% in June following a 0.5% rise in May this year. Meanwhile, the quarter on quarter rate of change also showed a marginal change from 1.7% to 1.8%. Martin Gahbauer, chief economist at Nationwide, sa...