House prices increased at their slowest annual pace in two years in June, with property values in Northern Ireland rising at a faster rate than those in London, Nationwide Building Society has reported.
Values across the UK increased by 3.3% in the 12 months to June, marking the weakest annual growth since June 2013.
On a month-on-month basis, prices fell by 0.2%, reversing a 0.2% increase in May. The average UK house price is now £195,055.
Northern Ireland, where prices fell sharply in the wake of the economic downturn, overtook London to record the strongest growth on a regional basis, at 8%.
London came in second place, with a year-on-year increase of 7.3%, taking the average property price to £429,711.
Wales and Scotland were the only regions to see prices fall year-on-year, recording declines of 0.8% and 1% respectively.
Despite the acceleration of house price growth in Northern Ireland, average values there are still around 45% below their 2007 peak levels, Nationwide said. The average house price in Northern Ireland is £126,525.