UK house price growth edges up to 1.6% in August as the average home slips to £275,465

Nationwide reported on 1 September that annual house price growth edged up to 1.6% in August from 1.4% in July, with prices 0.2% higher month on month and the average home at £275,465. Growth continues to lag earnings, so underlying affordability is slowly improving — though higher mortgage rates offset much of that gain. For sellers, realistic pricing still matters more than headline growth; for buyers, more stock means more room to negotiate.