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.