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Property prices increased for the third time in the previous four months in June due to a shortage of properties for sale, according to Nationwide.
Nationwide had recorded an increase in house price by 0.9% in June – which is resulted as the third rise in four months. As reported, the average house prices rose from £154,016 in May to £156,442. The increase in house prices was analysed in relation to the shortage of properties for sale under the current situation.