Asking prices rise to another record high – but the pace of growth slows further

“A lack of homes for sale rather than a lack of desire from buyers is what is dictating the pace of the market,” says Rightmove, as the UK’s average asking price rises 2.1% in a month.

The average UK property price increased by 1% from May to June this year, according to the latest official House Price Index.

After two years of unprecedented growth, it looks like house price inflation is losing momentum.