UK house prices increased the most since early 2004 as the property market showed signs of recovery following the easing of lockdown restrictions, data from Nationwide Building Society showed Wednesday.
House prices advanced by more-than-expected 2 percent on month in August, faster than the 1.8 percent rise seen in the previous month.
This was also the fastest growth since February 2004. Economists had forecast a monthly increase of 0.5 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.