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.