House prices hold steady in June - Halifax

(Sharecast News) - House prices remained largely unchanged in June, industry data showed on Friday, reflecting a subdued market. According to the latest house price index from Halifax, average house prices edged down just 0.2% on a monthly basis in June. On an annual basis, growth was unchanged on May, at 1.6%.

As a result, a typical UK house now costs £288,931.

Amanda Bryden, head of mortgages at Halifax, said: "This continued stability in house prices - rising by just 0.4% so far this year - reflects a market that remains subdued, though overall activity has been recovering.

"For now, it's the shortage of available properties, rather than demand from buyers, that continues to underpin higher prices.

"Mortgage affordability is still the biggest challenge facing both homebuyers and those coming to the end of fixed-term deals."