FX.co ★ UK Nationwide House Price Growth Eases to 1.8% Year-on-Year in July

UK house price growth slowed in July, with Nationwide’s House Price Index (HPI) rising 1.8% year-on-year, down from 2.2% in June 2026. The latest reading, updated on 31 July 2026, indicates a modest cooling in annual price momentum compared with the previous month.

Both the current and previous figures are based on year-on-year comparisons: July 2026 prices are measured against July 2025, while the June 2026 figure reflected changes versus June 2025. The easing from 2.2% to 1.8% suggests that, although property values are still increasing on an annual basis, the pace of growth is losing some steam as the market moves through the summer period.

The data will be closely watched by market participants assessing the strength of the UK housing sector and its potential implications for household wealth, consumer confidence and broader economic conditions in the second half of 2026.