United Kingdom House Price Index1983-2020 Data | 2021-2022 Forecast | Calendar

The Halifax house price index in the UK increased 7.3% year-on-year in September of 2020, well above a 5.2% rise in August, and the strongest gain since mid-2016. Still, September 2019 saw political uncertainty weigh on the market. On a monthly basis, house prices increased 1.6 percent, following an upwardly revised 1.7 percent rise. The average price of a property reached £249,870, compared to £245,889 in August. "Across the last three months, we have received more mortgage applications from both first time buyers and homemovers than anytime since 2008. There has been a fundamental shift in demand from buyers brought about by the structural effects of increased home working and a desire for more space, while the stamp duty holiday is incentivising vendors and buyers to close deals at pace before the break ends next March", Russell Galley, Managing Director, Halifax, said.

The Halifax house price index rose 5.2 percent from a year earlier in August of 2020, the largest annual increase since late 2016, as a surge in market activity has driven up house prices through the post-lockdown summer period, fuelled by the release of pent-up demand, a strong desire amongst some buyers to move to bigger properties, and the temporary cut to stamp duty. On a monthly basis, prices went up 1.6 percent, slightly above forecasts of 1.5 percent. The average price of a property reached over £245,000 for the first time on record. “Notwithstanding the various positive factors supporting the market in the short-term, it remains highly unlikely that this level of price inflation will be sustained. The macroeconomic picture in the UK should become clearer over the next few months as various Government support measures come to an end, and the true scale of the impact of the pandemic on the labour market becomes apparent", Russell Galley, Managing Director at Halifax said.

The Halifax house price index rose 3.8 percent from a year earlier in July 2020, the largest annual increase since January, as the UK property market continued to emerge from coronavirus-induced lockdown. On a monthly basis, prices jumped 1.6 percent, the biggest rise this year after being flat in June.

The Halifax house price index rose 2.5 percent from a year earlier in June 2020, following a 2.6 percent increase in the previous month, as the UK property market continued to emerge from coronavirus-induced lockdown. On a monthly basis, prices dropped 0.1 percent, the first time since 2010 that prices have fallen for four months in a row. "The near-term outlook points to a continuation of the recent modest downward trend in prices through the third quarter of the year, with sentiment indicators, based on surveys of both agents and households, currently at or around multi-year lows."