
British house prices stagnated month-on-month during June, as economists polled by Reuters had expected, figures from Halifax showed this week.
The mortgage lender revised up May’s reading to show a 0.3 per cent drop rather than a 0.4 per cent drop.
The data underlined the subdued state of Britain’s housing market following an increase in tax on property transactions that took effect in April.
House prices on Halifax’s measure are