House prices rose by just 0.3 per cent last month, according to the latest figures from Nationwide building society.
June’s figures mean there has been a three-month run of flat rises – evidence of what Nationwide refers to as a more subdued phase.
Prices have risen by one per cent in the three months to the end of June, compared with 1.6 per cent to May and 2.1 per cent in the first three months of the year.
The average house price rose at a rate of £22 a day during the past year and now stands at £165,730.