Annual house price growth at highest level for 18 months

Annual house price growth in the UK has increased at the fastest rate since December 2022, rising by 2.4% year-on-year in August, according to Nationwide. Month-on-month, however, prices dipped by 0.2%. Economists had forecast a 0.2% rise. The average home now costs £265,375, which is £6,222 more than a year ago. But property values remain approximately 3% lower than the peak levels seen in summer 2022. Nationwide's data also reveals buyers are increasingly willing to pay a premium for energy-efficient homes, with properties rated A or B fetching 2.8% more than those rated D.

Daily Mail (31/08/2024)   Financial Times (31/08/2024)   The Daily Telegraph (31/08/2024)   The Times (31/08/2024)