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.