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GB: Nationwide House Price Index
| Actual | Previous | Revised | |
| Month over Month | 0.2% | 0.1% | -0.1% |
| Year over Year | 1.6% | 1.8% | 1.4% |
Highlights
Annual growth edged up from a revised 1.4 percent in July to 1.6 percent in August, while seasonally adjusted prices increased by 0.2 percent following July’s 0.1 percent revised decline. Although the unadjusted average price fell from £276,581 to £275,465, this does not contradict the monthly increase, which accounts for seasonal market patterns.
Weak momentum in the housing market is reflected due to economic uncertainty, elevated mortgage rates and geopolitical tensions that have increased energy-price and inflation risks. Nevertheless, house prices are rising more slowly than earnings, gradually improving underlying affordability. A sustained recovery will depend on easing interest rates, stronger consumer confidence and diminishing energy pressures.
Location continues to produce substantial price differences. Properties within national parks command an estimated 24 percent premium (approximately £66,500), while homes within five kilometres attract a 6 percent premium. Properties in national landscapes receive a 14 percent premium. These valuations reflect environmental amenities, lifestyle appeal and restricted housing supply. Consequently, the wider market remains subdued, while scarce properties in protected rural locations retain considerable pricing power.