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."
Housing Index in the United Kingdom averaged 202.53 points from 1983 until 2020, reaching an all time high of 414.65 points in February of 2020 and a record low of 45.16 points in January of 1983. This page provides - United Kingdom House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom House Price Index - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Halifax and Bank of Scotland
Housing Index in the United Kingdom is expected to be 412.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in the United Kingdom to stand at 420.00 in 12 months time. In the long-term, the United Kingdom House Price Index is projected to trend around 428.00 points in 2021, according to our econometric models.