UK house prices grew at the fastest pace in more than six years in June largely due to the low base of comparison, data from the Nationwide Building Society showed on Tuesday.
House prices grew 13.4 percent on a yearly basis in June, the biggest outturn since November, 2004. Economists had forecast prices to climb 13.7 percent after rising 10.9 percent in May.
While the strength is partly due to base effects, with June last year unusually weak due to the first lockdown, the market continues to show significant momentum, Robert Gardner, Nationwide's chief economist, 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.