UK house prices rose at a faster annual pace in August and prices climbed at the second fastest pace in 15 years from the previous month, survey results from the Nationwide Building Society showed Wednesday.
The house price index rose 11.0 percent year-on-year following a 10.5 percent increase in July. Economists had expected the pace to slow to 8.6 percent.
Prices rose 2.1 percent from the previous month, when prices fell 0.6 percent. Economists had forecast a 0.2 percent increase.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.