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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.