UK house prices logged a slower pace of growth in August due to stretched affordability, the Nationwide Building Society said Monday.
House prices increased 2.1 percent on a yearly basis in August, slower than the 2.4 percent rise seen in July.
On a monthly basis, house prices edged down 0.1 percent, in contrast to the 0.5 percent increase in the previous month. Prices were forecast to rise 0.1 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.