LONDON (Reuters) – British house prices rose at a slower pace in June than in May, but the average price of a home still hit a new record, monthly figures from mortgage lender Nationwide showed on Thursday.
House prices in June were 0.3% higher than in May, when they rose 0.9%, and were 10.7% higher than in June 2021, a slowdown from annual growth of 11.2% in May.
Economists polled by Reuters had forecast monthly and annual price rises of 0.5% and 10.8% respectively.
The average price of a home rose to a record 271,613 pounds ($330,064), Nationwide said.
($1 = 0.8229 pounds)
(Reporting by David Milliken, Editing by Paul Sandle)
