UK house prices went up 5.4% yoy to an average of GBP 251,968 in January of 2021, lower than market forecasts of a 5.9% rise and following a 6% increase in December and a record 7.6% jump in November. On a monthly basis, house prices fell 0.3%, the most since April and compared to forecasts of a 0.3% increase. “There are some early signs that the upturn in the housing market could be running out of steam, with the annual rate of house price inflation cooling to its lowest level since August. Industry figures for agreed sales remain well above pre-pandemic levels but new instructions to sell have decreased noticeably, and total stock held by estate agents has risen to its highest level since before the EU referendum in 2016. Given the current time to completion across the market, transactions in the early part of 2021 probably don’t include many borrowers who expect to benefit from the stamp duty reprieve", Russell Galley, Managing Director at Halifax said. source: Halifax and Bank of Scotland
Housing Index in the United Kingdom averaged 206.93 points from 1983 until 2021, reaching an all time high of 436.10 points in November 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 February of 2021.
Housing Index in the United Kingdom is expected to be 432.00 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 418.00 in 12 months time. In the long-term, the United Kingdom House Price Index is projected to trend around 425.00 points in 2022, according to our econometric models.