'Few signs' of house price rebound, says Nationwide

Prices slipped 1.5% year-on-year in June to £165,738 on average, the biggest fall since August 2009, according to the building society's latest house price index. The study suggested the decline, which also showed a 0.6% month-on-month decrease, was partly due to the ending of a stamp duty concession for first-time buyers in March, which had the effect of bunching up sales.