Spring house prices 'stall'

Rightmove say average house prices have dipped in the UK Credit: PA

Spring house price momentum stalled in June as the average price tag on a property coming to market dipped by more than £1,000 month-on-month, according to Rightmove.

Across England and Wales, the average asking price was £316,109 in June, marking a 0.4% or £1,172 fall compared with May.

It was the first fall seen in the month of June since 2009 - at the height of the credit crunch - Rightmove said.

By contrast, asking prices were up month-on-month in June in the East Midlands, by 1.2%

In the West Midlands, asking prices dipped by 0.8% month-on-month - the only other region apart from London and the South East to see asking prices fall in June.