UK house prices rose at the fastest annual pace in five months in April, but inflation remained subdued, survey data from the Nationwide housing society showed on Wednesday.
The house price index rose 0.9 percent year-on-year following a 0.7 percent increase in March. Economists had expected the inflation rate to remain unchanged.
"Indicators of housing market activity, such as the number of property transactions and the number of mortgages approved for house purchase, have remained broadly stable in recent months, even though survey data suggests that sentiment has softened," Nationwide's Chief Economist Robert Gardner said.
For comments and feedback contact: editorial@rttnews.com
Business News
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.