Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.

Nationwide: UK Annual House Price Growth Rises to 2.2% in June

UK annual house price growth increased to 2.2% in June, up from 1.7% in May, according to Nationwide’s latest house price index. The index also shows that house prices were broadly flat on a month-on-month basis after seasonal adjustments.

The average UK house price now stands at £277,484. For letting agents and inventory clerks, this continued stability in prices may influence rental valuations and property management decisions in the coming months.

Regional Performance

Northern Ireland was the best performing region, with house prices rising by 8.6% year-on-year in the second quarter of 2026. In contrast, the outer South East recorded the weakest performance, with a 0.1% annual increase.

Nationwide’s data also indicates that Northern England, Scotland, and Wales saw their annual pace of growth improve over the last three months. The West Midlands experienced a notable change, with annual price growth rising from zero to 3.2% between the first and second quarters of the year.

Market Context

The report notes that market activity has softened in recent months, with consumer confidence and housing sentiment weakening. Mortgage approvals and property transactions both declined in May, reflecting increased caution among prospective buyers.

The index highlights that recent geopolitical developments and changes in energy prices have contributed to uncertainty in the market. While a ceasefire in the Middle East has helped stabilise oil prices, the effects on buyer confidence and affordability remain.

Letting agents and inventory clerks should be aware of these regional and national trends, as they may impact demand for rental properties and the pace of new tenancies.