Housing prices: National average up 11.8%
House prices lifted by 11.8% year-on-year across the UK in June to reach another new all-time high of £188,903 typically, Nationwide has reported.
London houses prices 'fastest growing since 1980s'
London's house prices are growing at the fastest pace since the late 1980s, according to property economist Matthew Pointon.
Mr Pointon, who works for Capital Economics, said mortgage approvals have now been falling for four months in a row.
He warned: "The risk of a damaging house price correction at some point in the next few years is growing."
More top news
-
Joe Biden vows to fight racial inequality with economic agenda
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
-
Trump reverts to promoting unproven drug as coronavirus treatment
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
-
What the papers say – July 29
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.