House prices climb annually by 1.5% in June, according to Nationwide

A couple holding up a sign saying FOR SALE and SOLD in an empty house
House prices rise 1.5% annually in June, according to Nationwide (Image credit: Getty Images)

House prices experienced an increase of 1.5% in June compared to the previous year, according to Nationwide.

The average house price rose to £266,604, up from £264,249 in May with Northern Ireland led regional performance with a 4.1% rise in Q2, while East Anglia lagged with a 1.8% annual decline.

Robert Gardner headshot
Robert Gardner

Robert Gardner serves as the Chief Economist at Nationwide, where he heads a team dedicated to offering economic analysis and guidance, with a specific focus on the UK economy and a strong emphasis on monitoring the housing market and house prices.

Headshot of John Bryson
John Bryson

Professor John Bryson holds the Chair in Enterprise and Economic Geography at Birmingham Business School. His research is driven by a commitment to elucidating the intricate organisation of production across different spatial contexts and locations, employing a diverse range of enterprise models.

Amanda Bryden headshot
Amanda Bryden

Amanda has established herself as a notable advocate within the intermediary market, amassing over 26 years of experience in the mortgage industry. Her journey in the sector commenced as a mortgage broker, after which she assumed diverse senior positions within several prominent mortgage lenders nationwide.

Joseph Mullane
News Editor

News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals.  Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.