India, July 1 -- UK house prices logged a slower growth in June reflecting weaker demand after the increase in stamp duty at the start of April, data from the Nationwide Building Society showed on Tuesday.
House prices advanced 2.1 percent year-on-year in June, slower than the 3.5 percent increase seen in May. House price growth was expected to moderate to 3.3 percent.
Prices fell by more-than-expected 0.8 percent on a monthly basis, in contrast to the 0.4 percent gain in May. Economists had forecast a 0.2 percent fall. This was the biggest fall in more than two years.
"Nevertheless, we still expect activity to pick up as the summer progresses, despite ongoing economic uncertainties in the global economy, since underlying conditions for ...