Nationwide: UK house price growth hits highest level since December 2022

The latest Nationwide House Price Index shows average property values are on the rise again, but buyers are being warned against overstretching

houses on pound coins
(Image credit: Getty Images/jaturonoofer)

UK house price growth hit a 19-month high in July but affordability pressures remain for buyers, according to Nationwide.

The latest Nationwide House Price Index suggests the property market may be turning a corner after a year where buyers and sellers have navigated sticky inflation, high mortgage rates and a general election.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.