UK house price growth near zero as Brexit rut deepens

British house price growth remained weak in June as uncertainty about Brexit hung over the market, mortgage lender Nationwide has said. House prices increased by 0.5% compared with a year ago, slowing slightly after a 0.6% rise in May but in line with expectations.

At the time of the Brexit referendum in 2016, UK house prices were growing by about 5% a year, according to Nationwide’s measure. In monthly terms, UK house prices in June edged up by 0.1%, a slightly smaller increase than expectations for a rise of 0.2%.