European Investor
01 Sep 2026, 09:44
UK House Prices Rise 0.2% in August but Annual Growth Misses Forecast
UK house prices returned to monthly growth in August, although the housing market remained subdued amid elevated mortgage rates and broader economic uncertainty.
Nationwide’s House Price Index increased 0.2% month over month, beating expectations for a 0.1% rise and reversing July’s revised 0.1% decline. It was the first monthly increase since April.
On an annual basis, house prices rose 1.6%, accelerating from 1.4% in July but falling short of the 2.1% forecast provided in the economic calendar. The average UK home price stood at £275,465 in August.
UK house prices returned to monthly growth in August, although the housing market remained subdued amid elevated mortgage rates and broader economic uncertainty.
Nationwide’s House Price Index increased 0.2% month over month, beating expectations for a 0.1% rise and reversing July’s revised 0.1% decline. It was the first monthly increase since April.
On an annual basis, house prices rose 1.6%, accelerating from 1.4% in July but falling short of the 2.1% forecast provided in the economic calendar. The average UK home price stood at £275,465 in August.
