04:52
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London (AFP)-British House prices rose by 1.2 percent in June from the may level, data from a provider of important loans showed on Wednesday.
However they plummeted from 3.5 percent in June compared with 12 months earlier, according to data of a mortgage lender Halifax.
"Low interest rates, an increase in the number of people in the world of work and some tightening market conditions early in the year is likely to have been the main factors behind the recent improvement in prices," Halifax housing Economist Martin Ellis said in a statement.
"The market is, however, is likely to continue to address the significant headwinds that should limit the demand for housing. Growth of low incomes, higher taxes and relatively high inflation all continue to exert pressure on finances, "he added in a statement.
Halifax, part of Lloyds banking group-saved, said that the average home price in Britain stood at £ 163,049 (euro 181.733, $261,147) in June.
The Bank of England should keep its key interest rate at record low level of 0.50 percent on Thursday and maintain the status quo in the next year due to recovery of the flag of Great Britain, according to economists.
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