House price growth in the UK remained subdued for the third month running in June, the country's leading building society said today. In its monthly survey, the Nationwide said house prices rose by 0.3 pct from the previous month, for a 5.0 pct year-on-year gain. In May, they were up an equivalent 0.2 pct and 4.7 pct. June's increases were slightly shy of analysts' expectations of a 0.4 pct monthly rise for a 5.1 pct annual gain. Nationwide said the survey highlighted that the underlying rate of growth has been slowing since March. It noted that prices increased by 1.0 pct in the three months to June, compared with 1.6 pct to May and 2.1 pct in the three months to March. The annual rate of growth rose slightly because of a 0.1 pct this time last year. Nationwide said the price of a typical house is now 165,730 stg, around 8,000 stg more than this time last year and equivalent to a rise of almost 22 stg per day. Fionnuala Earley, Nationwide's group economist, said the stable interest rate outlook and steady demand for housing will support house prices, though the World Cup is likely to have an impact on approvals in the short-term. However, she said the deterioration in affordability and its likely impact cannot be ignored. She noted that mortgage payments for someone on average earnings now take up around 42 pct of take home pay compared with around 32 pct three years ago. "While earnings growth remains lower than house price growth the ability to pay constraint will continue to bite," said Earley.