The Halifax House Price Index in the UK increased 5.0 percent year-on-year in the three months to April 2019, following a 2.6 percent gain in the previous period and beating market expectations of 4.5 percent. It was the highest annual house price growth since the three months to February 2017. “The index has seen a weaker pace of growth over the last three years, which is consistent with the easing of transactions volumes and housing market activity reflected in RICS, Bank of England and HMRC figures”, Russell Galley, Managing Director, Halifax, said. “Looking further back, this April also marks 10 years since the lowest point of the Halifax house price index following the financial crash in 2008. Over the past decade annual house price growth has seen the average price increase by £81,956, or an average rise of 4.3% each year”, he added. Housing Index in the United Kingdom averaged 376.20 Index Points from 1983 until 2019, reaching an all time high of 766.90 Index Points in February of 2019 and a record low of 96.10 Index Points in January of 1983.
Housing Index in the United Kingdom is expected to be 769.00 Index 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 789.00 in 12 months time. In the long-term, the United Kingdom House Price Index is projected to trend around 805.00 Index Points in 2020, according to our econometric models.