UK house prices fell sharply again in September as stretched affordability damps housing market activity, data from the mortgage lender Nationwide Building Society revealed Monday. The Nationwide house price index posted an annual decline of 5.3 percent, the same pace of decrease as seen in August. The decrease was the biggest since July 2009. Nonetheless, prices were forecast to fall more markedly by 5.7 percent.
House prices remained flat on the month in September following the previous month's 0.8 percent decrease. The nil growth was in contrast to the expected fall of 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.