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

The Halifax house price index rose 2.7 percent from a year earlier in April 2020, following a 3.0 percent increase in the previous month, as the impact of measures taken to contain the spread of coronavirus started to filter through to the housing market. "With market activity currently almost at a complete standstill, the limited number of transactions available means that calculating average house prices has inevitably become more challenging" Russell Galley, Managing Director, Halifax, said. "It will not be until after lockdown restrictions are eased that we will get a sense of the new temporary normal conditions for the housing market" he added. "The future remains uncertain and based on our current forecasting we expect short term headwinds to house prices, although we maintain our underlying confidence in the health of the housing market in the longer term."

The Halifax house price index rose 3.0 percent from a year earlier in March 2020, following a 2.8 percent increase in the previous month and missing market expectations of a 3.3 percent growth. "The UK housing market began March with similar trends to previous months, as key market indicators showed a sustained level of buyer and seller activity", Russell Galley, Managing Director, Halifax, said. "However, it’s clear we ended the month in very different territory as a result of the country’s response to the coronavirus pandemic. On a practical level, most market activity has been paused, with the public rightly following advice to stay at home, and estate agencies, surveyors and conveyancers temporarily closing as a result. With viewings cancelled and movers being encouraged to put transactions on hold, activity will inevitably fall sharply in the coming months", he added.

House prices in the UK went up 2.8 percent year-on-year in February of 2020, well below a 4.1 percent jump in January and market expectations of 4 percent, Halifax data showed. On a monthly basis, house prices increased 0.3 percent, easing from a 0.4 percent rise in January but slightly higher than forecasts of 0.2 percent. The average house price was GBP 240,677. The increases seen in February reflects the continued improvement of key market indicators. The sustained level of buyer and seller activity is strong compared to recent years, with positive employment conditions and a competitive mortgage market continuing to support demand.Looking ahead, there are a number of risks, including the potential impact of coronavirus, which continue to exert pressure on the economy and we wait to see how these will affect housing market sentiment later in the year, according to Russell Galley, Managing Director.

House prices in the UK went up 4.1 percent year-on-year in January of 2020, slightly higher than a 4 percent rise in December and well above market expectations of a 3 percent increase, Halifax data showed. It remains the biggest annual gain since February of 2018. On a monthly basis, house prices increased 0.4 percent, easing from a 1.8 percent jump in December which was the strongest gain since February of 2007. The average house price was GBP 240,054. Looking ahead, Halifax expects a moderate rate of house price growth over the course of the year. Demand is likely to continue to exceed the supply of properties for sale across the UK, with the subdued pace of new building also adding to upwards price pressure. The environment for mortgage affordability should stay largely favourable. However with the growth in rental costs accelerating, many first-time buyers will continue to face a significant challenge in raising necessary deposits, according to Russell Galley, Managing Director.