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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

UK house prices still unaffordable for many people, says Nationwide

View of terrace houses
The average price for a UK house was £266,604 in June, according to Nationwide. Photograph: Andrew Cole/Alamy

House prices in the UK remain unaffordable for many households despite wages rising above inflation for the typical earner, Nationwide has said.

Britain’s largest building society said prices had risen slightly in June amid the impact of higher mortgage costs, with a 0.2% month-on-month increase.

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