The Nationwide House Price Index in the UK increased 7.3 percent year-on-year in December of 2020, the most in six years, and beating market forecasts of a 6.7 percent rise, as tax incentives continued to boost demand. Compared to the previous month, house prices increased 0.8 percent, after a 0.9 percent gain in November. “The outlook remains highly uncertain. Much will depend on how the pandemic and the measures to contain it evolve as well as the efficacy of policy measures implemented to limit the damage to the wider economy", Robert Gardner, Nationwide's Chief Economist, said. "However, housing market activity is likely to slow in the coming quarters, perhaps sharply, if the labour market weakens as most analysts expect, especially once the stamp duty holiday expires at the end of March. ", he added. source: Nationwide Building Society, UK

Nationwide Housing Prices in the United Kingdom averaged 266.20 points from 1991 until 2020, reaching an all time high of 460.88 points in December of 2020 and a record low of 98.95 points in November of 1992. This page provides - United Kingdom Nationwide Housing Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Nationwide Housing Prices - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Nationwide Housing Prices in the United Kingdom is expected to be 461.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Nationwide Housing Prices in the United Kingdom to stand at 438.00 in 12 months time. In the long-term, the United Kingdom Nationwide Housing Prices is projected to trend around 440.00 points in 2021 and 445.00 points in 2022, according to our econometric models.

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United Kingdom Nationwide Housing Prices

Actual Previous Highest Lowest Dates Unit Frequency
460.66 460.88 460.88 98.95 1991 - 2020 points Monthly
1993Q1=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-01 07:00 AM Nationwide Housing Prices YoY Nov 6.5% 5.8% 5.5% 6.2%
2020-12-01 07:00 AM Nationwide Housing Prices MoM Nov 0.9% 0.8% 0.3% 0.4%
2020-12-30 07:00 AM Nationwide Housing Prices YoY Dec 7.3% 6.5% 6.7% 7.5%
2020-12-30 07:00 AM Nationwide Housing Prices MoM Dec 0.8% 0.9% 0.4% 0.7%


News Stream
UK House Prices Rise the Most in 6 Years
The Nationwide House Price Index in the UK increased 7.3 percent year-on-year in December of 2020, the most in six years, and beating market forecasts of a 6.7 percent rise, as tax incentives continued to boost demand. Compared to the previous month, house prices increased 0.8 percent, after a 0.9 percent gain in November. “The outlook remains highly uncertain. Much will depend on how the pandemic and the measures to contain it evolve as well as the efficacy of policy measures implemented to limit the damage to the wider economy", Robert Gardner, Nationwide's Chief Economist, said. "However, housing market activity is likely to slow in the coming quarters, perhaps sharply, if the labour market weakens as most analysts expect, especially once the stamp duty holiday expires at the end of March. ", he added.
2020-12-30
UK House Price Growth Highest in 5 Years: Nationwide
The Nationwide House Price Index in the UK increased 6.5 percent year-on-year in November of 2020, a new high since since January of 2015 and beating market forecasts of a 5.5 percent rise. Compared to the previous month, house prices increased 0.8 percent, after a 0.9 percent rise in October. “Housing market activity has remained robust. October saw property transactions rising to 105,600, the highest level since 2016, while mortgage approvals for house purchases were at their highest level since 2007 at 97,500. The outlook remains highly uncertain and will depend heavily on how the pandemic and the measures to contain it evolve as well as the efficacy of policy measures implemented to limit the damage to the wider economy. Behavioural shifts as a result of Covid-19 may provide support for housing market activity, while the stamp duty holiday will continue to provide a near term boost by bringing purchases forward", Robert Gardner, Nationwide's Chief Economist, said.
2020-12-01
UK House Prices Rise the Most Since 2015
The Nationwide House Price Index in the UK increased 5.8 percent year-on-year in October 2020, the most since January 2015 and beating market consensus of a 5.2 percent rise. “Data suggests that the economic recovery has lost momentum in recent months with economic growth slowing sharply to 2.1% in August, down from 6.4% in July, despite a strong boost to the hospitality sector from the Eat Out to Help Out scheme, which has since expired." Robert Gardner, Nationwide's Chief Economist, said. “The outlook remains highly uncertain and will depend heavily on how the pandemic and the measures to contain it evolve as well as the efficacy of policy measures implemented to limit the damage to the wider economy. Behavioral shifts as a result of Covid-19 may provide support for housing market activity, while the stamp duty holiday will continue to provide a near term boost by bringing purchases forward." he added.
2020-10-30
UK House Prices Rise the Most in 4 Years
The Nationwide House Price Index in the UK increased by 5 percent year-on-year in September 2020, the most since September 2016 and above market consensus of a 4.5 percent rise, amid a sharp rebound in the country's housing market after the COVID-19 lockdown. Pent-up demand came through, with decisions taken to move before lockdown now progressing. At the same time, the stamp duty holiday added to momentum by bringing purchases forward, while behavioral shifts have also boosted activity as people reassess their housing needs and preferences as a result of life in lockdown. On a monthly basis, the index rose 0.9 percent in September after growing by 2 percent in August, the most since February 2004.
2020-09-30

United Kingdom Nationwide Housing Prices
The Nationwide house price index is an indicator of trends in UK house prices. The index is calculated based on owner occupier house purchase transactions involving a mortgage. Buy to let and cash purchases are not included.