10 July 2007UK House prices rose slightly according to the latest survey from the Halifax bank. Prices rose by 0.4% in June pushing up the annual rate of house price inflation from 10.6% to 10.7%.
The average UK house now costs £197,461, with prices currently rising fastest in Northern Ireland.
Although prices are still going up, despite higher borrowing costs, the Halifax says the recent pace of growth has been slowing down.
The trend is not uniform across the country. Prices in Northern Ireland are still shooting up, rising by 8.5% in the past three months alone.
London prices are still rising briskly, up by 4.9% in the same period.
But on the Halifax's calculations, prices have actually fallen slightly in the past three months in the South West, West Midlands and also Wales, where they have gone down by nearly 3%.
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