"We expect little change in [house] prices and sales over the remainder of the year provided that the U.K.'s economic outlook does not deteriorate significantly"
- Martin Ellis, Halifax economist
U.K. house prices increased for a second month to an average of 162,417 pounds in June. Values increased 1 per cent from the previous month and were down 0.2 per cent compared to the same period the prior year, said the Lloyds Banking Group Plc Halifax mortgage-lending unit the previous week.
"Continuing low levels of mortgage payments relative to income and recent increases in employment may have helped support house prices so far this year," Halifax economist Martin Ellis said.
"We expect little change in prices and sales over the remainder of the year provided that the U.K.'s economic outlook does not deteriorate significantly."
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