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.

Nationwide Housing Prices in the United Kingdom averaged 262.50 points from 1991 until 2020, reaching an all time high of 444.69 points in April 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 July of 2020. source: Nationwide Building Society, UK

Nationwide Housing Prices in the United Kingdom is expected to be 425.00 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 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United Kingdom Nationwide Housing Prices

Actual Previous Highest Lowest Dates Unit Frequency
431.70 436.69 444.69 98.95 1991 - 2020 points Monthly
1993Q1=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-02 06:00 AM Nationwide Housing Prices YoY May 1.8% 3.7% 2.8% 2.6%
2020-06-02 06:00 AM Nationwide Housing Prices MoM May -1.7% 0.9% -1% -1.1%
2020-07-01 06:00 AM Nationwide Housing Prices YoY Jun -0.1% 1.8% 1% 0.5%
2020-07-01 06:00 AM Nationwide Housing Prices MoM Jun -1.4% -1.7% -0.7% -0.6%


News Stream
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
UK House Price Growth Weaker than Expected
The Nationwide House Price Index in the UK increased by 1.8 percent year-on-year in May 2020, the smallest increase since December and well below market consensus of a 2.8 percent rise. On a monthly basis, the index plunged 1.7 percent, the most since February 2009. "Housing market activity has slowed sharply as a result of the measures implemented to control the spread of the virus. Indeed, data from HMRC showed that residential property transactions were down 53 percent in April compared with the same month in 2019." Robert Gardner, Nationwide's Chief Economist, said. "Behavioural changes and social distancing are likely to impact the flow of housing transactions for some time. Our recent market research survey suggested that 12 percent of the population had put off moving as a result of the lockdown. Most viewed the current situation as a temporary pause in the market, with would-be buyers now planning to wait six months on average before looking to enter the market." he added.
2020-06-02
UK House Price Growth Hits 3-Year High Before Covid-19
The Nationwide House Price Index in the UK increased by 3.7 percent year-on-year in April 2020, the most since February 2017 and above market consensus of a 2.5 percent rise. "It’s important to note that the impact of the pandemic is not fully captured in this month’s figures. This is because our index is constructed using mortgage approval data, and there is a lag between mortgage applications being submitted and approved." Robert Gardner, Nationwide's Chief Economist, said. "But housing market activity is now grinding to a halt as a result of the measures implemented to control the spread of the virus, and where the government has recommended not entering into housing transactions during this period.", he added.
2020-05-01
UK House Price Growth at Over 2-Year High
The Nationwide's House Price Index in the UK increased by 3 percent year-on-year in March 2020, the most since January 2018 and above market consensus of a 2 percent rise. “In the opening months of 2020, before the pandemic struck the UK, the housing market had been steadily gathering momentum. Activity levels and price growth were edging up thanks to continued robust labour market conditions, low borrowing costs and a more stable political backdrop following the general election. " Robert Gardner, Nationwide's Chief Economist, said. “But housing market activity is now grinding to a halt as a result of the measures implemented to control the spread of the virus, and where the government has recommended not entering into housing transactions during this period. Indeed, a lack of transactions will make gauging house price trends difficult in the coming months."
2020-04-02

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.