UK house prices grew at the fastest pace in six years in December as the property market remained resilient despite the pandemic, data published by the Nationwide Building Society showed on Wednesday.
House prices climbed 7.3 percent year-on-year in December, following November's 6.5 percent increase. Prices were expected to rise 6.7 percent.
On a monthly basis, house price inflation eased slightly to 0.8 percent from 0.9 percent in the previous month. The expected rate was 0.4 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.