UK house prices rose at a faster annual pace in August and prices climbed at the second fastest pace in 15 years from the previous month, survey results from the Nationwide Building Society showed Wednesday.
The house price index rose 11.0 percent year-on-year following a 10.5 percent increase in July. Economists had expected the pace to slow to 8.6 percent.
Prices rose 2.1 percent from the previous month, when prices fell 0.6 percent. Economists had forecast a 0.2 percent increase.
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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.