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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.

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UK house prices still set to rise 'four to five per cent'

House prices could increase by as much as seven per cent by 2015. Credit: PA

Despite being at an all-time high experts predict a further four to five per cent rise in house prices by the end of 2014.

Howard Archer, chief UK and European economist for IHS Global Insight, said this could increase to seven per cent in 2015.

He said: "At the moment, house prices still look more likely than not to see clear increases over the coming months, although it is looking increasingly probable that there will be some easing back in house price gains from the recent very strong increases."

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