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.

Nationwide Housing Prices in the United Kingdom averaged 264.05 points from 1991 until 2020, reaching an all time high of 451.10 points in September 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 October of 2020. source: Nationwide Building Society, UK

Nationwide Housing Prices in the United Kingdom is expected to be 4.70 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 436.00 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
451.10 447.10 451.10 98.95 1991 - 2020 points Monthly
1993Q1=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-02 06:00 AM Nationwide Housing Prices YoY Aug 3.7% 1.5% 2% 1.9%
2020-09-02 06:00 AM Nationwide Housing Prices MoM Aug 2% 1.8% 0.5% 0.4%
2020-09-30 06:00 AM Nationwide Housing Prices YoY Sep 5% 3.7% 4.5% 4.7%
2020-09-30 06:00 AM Nationwide Housing Prices MoM Sep 0.9% 2% 0.5% 0.7%


News Stream
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
UK House Prices Rise More than Expected in August
The Nationwide House Price Index in the UK increased 3.7 percent year-on-year in August 2020, easily beating market consensus of a 2 percent rise. On a monthly basis, the index jumped 2 percent, the highest monthly increase since February 2004. “The bounce back in prices reflects the unexpectedly rapid recovery in housing market activity since the easing of lockdown restrictions." Robert Gardner, Nationwide's Chief Economist, said. “These trends look set to continue in the near term, further boosted by the recently announced stamp duty holiday, which will serve to bring some activity forward. However, most forecasters expect labour market conditions to weaken significantly in the quarters ahead as a result of the aftereffects of the pandemic and as government support schemes wind down. If this comes to pass, it would likely dampen housing activity once again in the quarters ahead." he added.
2020-09-02
UK House Prices Rebound Firmly in July
The Nationwide House Price Index in the UK increased 1.5 percent year-on-year in July 2020, defying market consensus of a 0.3 percent fall. On a monthly basis, the index rose 1.7 percent, the biggest monthly increase since August 2009.“The bounce back in prices reflects the unexpectedly rapid recovery in housing market activity since the easing of lockdown restrictions.", Robert Gardner, Nationwide's Chief Economist, said. “These trends look set to continue in the near term, further boosted by the recently announced stamp duty holiday, which will serve to bring some activity forward. However, there is a risk this proves to be something of a false dawn. Most forecasters expect labour market conditions to weaken significantly in the quarters ahead as a result of the aftereffects of the pandemic and as government support schemes wind down. If this comes to pass, it would likely dampen housing activity once again in the quarters ahead.", he added.
2020-07-31
UK House Prices Decline for 1st Time Since 2012
The Nationwide House Price Index in the UK edged down 0.1 percent year-on-year in June 2020, the first annual decline since December 2012 and defying market consensus of a 1 percent rise. On a monthly basis, the index fell 1.4 percent, the second straight month of decrease in house prices. “Housing market activity also slowed sharply as a result of lockdown measures implemented to control the spread of the virus. While latest data from HMRC showed a slight pickup in residential property transactions from April’s low, in May they were still 50% lower than the same month in 2019. " Robert Gardner, Nationwide's Chief Economist, said. “With lockdown measures due to be eased in the weeks ahead, housing market activity is likely to edge higher in the near term, albeit remaining below pre-pandemic levels. Nevertheless, the medium-term outlook for the housing market remains highly uncertain." he added.
2020-07-01

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.