UK house prices declined at the fastest pace in more than 14 years in August as rising borrowing costs continue to dampen housing market activity, data published by the Nationwide Building Society showed on Friday.
House prices posted an annual decline of 5.3 percent after easing 3.8 percent in July. This was the biggest fall since July 2009 and also larger than economists' forecast of 3.9 percent fall.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.