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House prices rose again in June but only by 0.1%, according to the Nationwide building society.
The rise follows a 0.5% increase in May, with the average property in the UK now costing more than £170,000.
Prices have risen by 3% since the start of the year, the Nationwide's house price index showed.
However, the rate of annual house price inflation fell again to 8.7%, with prices rising more slowly than they did this time last year.
Commenting on the figures, Nationwide's chief economist Martin Gahbauer said the slowdown may be due to an increase in the number of properties up for sale.
"Recent indicators point to an increase in the supply of property coming to the market for sale, perhaps in response to the abolition of Hips (Home Information Packs) in the opening days of the new coalition government," he said.
"With the level of demand remaining broadly stable, this would in part help to explain the recent slowdown observed in the rate of house price inflation."
The coalition government confirmed that Hips would be abolished following the election in May.
Mr Gahbauer added that he expected the annual rate of house price inflation to keep falling over the coming months as a result of the very strong house price increases seen in the summer of 2009.
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UK Properties Online gives you more
Welcome to UK Properties Online.
We are not estate agents but as the business continues to grow, we aim to be the place for UK home hunters to find full property particulars of all listings available to buy or rent, either by searching for properties using one of our 'County' sites or by looking at this site. We have included a wide range of additional products to show each property on the site at its best.
Why Estate Agents should be using our County Sites
Evidence has shown that many people look for properties either using a National or Local search provider saving time and effort in choosing the right property by comparison of what is currently available in the area comparing it with their own individual needs.
UK Properties Online recognises the importance of the traditional service given by a local estate agent, by combining the best of their own services with what we have to offer on our sites.
Will house buyers embrace the internet?
Buying or selling a home is among the most stressful experiences in anyone's life, but it appears that estate agents are not at the heart of the problem.
The Office of Fair Trading (OFT) has given a clean bill of health to the industry, pointing out that satisfaction levels are up.
However, the watchdog has shed light on the increasing influence of the internet on the way we buy and sell homes.
Now it wants to free up businesses that match private buyers and sellers in order to encourage more competition.
Surge in sellers to 'ease' house price rises
A growing number of home sellers are venturing back into the property market, figures from the Royal Institute of Chartered Surveyors showed today.
The number of people putting properties up for sale rose more than twice as fast as those looking to buy in February, indicating that house price rises could begin to slow.
The number of people putting properties up for sale rose more than twice as fast as those looking to buy in February, indicating that house price rises could begin to slow.
Feature Properties
A beautifully presented modern four bedroom double fronted detached family residence, having a cloakroom, study, lounge with double doors leading to the dining room.
Loose Road, Maidstone
£380,000
A substantial beautifully presented and well maintained five bedroom period style semi detached property retaining some period features to include cornicing and chimney breasts
Lake Walk, Larkfield
£279,950
Breath taking un-spoilt views over The Country Park, Lakes and North Downs, this well presented three bedroom town house built by 'Berkeley Homes'
Annual house price inflation is back in double-digits, according to government figures.The Department for Communities and Local Government (DCLG) said prices in April were 10.1% higher than a year ago.
That was the highest rate of inflation since October 2007, when prices were on a downward trend.
UK house prices rose by another 0.4% in April, putting the cost of the average UK property at £207,516.
Annual house prices rose in all UK countries except Northern Ireland in the year to April 2010, the DCLG said.
UK properties
Upper Fant Road A well presented two bedroom maisonette with views... £139,000 |
Foxden Drive Kent Properties Online are pleased to offer this w... £170,000 |
Lake Walk Breath taking un-spoilt views over The Country Par... £249,995 |
Orchard Close Kent Properties Online are pleased to be able to o... £225,000 |
