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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Housing market at its strongest since Truss mini-budget aftermath

Nationwide United Kingdom
Flowers in bloom in the garden of a thatched cottage
The average house price in the UK was £265,375 in August, down 0.2% on July. Photograph: Loop Images Ltd/Alamy

The UK housing market is at its strongest since the aftermath of Liz Truss’s infamous mini-budget that sent borrowing costs soaring, according to the latest figures.

Nationwide said house prices grew at an annual rate of 2.4% in August, up from 2.1% in July and the fastest rate since December 2022.

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