The Nationwide House Price Index in the UK was up 7.2% yoy in October of 2022, the least since April of 2021 and compared to 9.5% in September and market expectations of 8.3%. Compared to the previous month, prices declined 0.9%, the first such fall since July 2021 and the largest since June 2020. “The market has undoubtedly been impacted by the turmoil following the mini-Budget, which led to a sharp rise in market interest rates. Higher borrowing costs have added to stretched housing affordability at a time when household finances are already under pressure from high inflation. The market looks set to slow in the coming quarters. Inflation will remain high for some time yet and Bank Rate is likely to rise further as the Bank of England seeks to ensure demand in the economy slows to relieve domestic price pressures", Robert Gardner, Nationwide's Chief Economist, said. source: Nationwide Building Society, UK

Nationwide Housing Prices in the United Kingdom averaged 279.58 points from 1991 until 2022, reaching an all time high of 546.10 points in August of 2022 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 November of 2022.

Nationwide Housing Prices in the United Kingdom is expected to be 541.89 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Nationwide Housing Prices is projected to trend around 560.31 points in 2023 and 575.44 points in 2024, according to our econometric models.

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United Kingdom Nationwide Housing Prices



Calendar GMT Actual Previous Consensus TEForecast
2022-11-01 07:00 AM Nationwide Housing Prices MoM Oct -0.9% 0% 0.4%
2022-11-01 07:00 AM Nationwide Housing Prices YoY Oct 7.2% 9.5% 8.3% 9.2%


Related Last Previous Unit Reference
Nationwide Housing Prices 535.19 543.13 points Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
535.19 543.13 546.10 98.95 1991 - 2022 points Monthly
1993Q1=100, NSA

News Stream
UK House Price Growth Slows Sharply: Nationwide
The Nationwide House Price Index in the UK was up 7.2% yoy in October of 2022, the least since April of 2021 and compared to 9.5% in September and market expectations of 8.3%. Compared to the previous month, prices declined 0.9%, the first such fall since July 2021 and the largest since June 2020. “The market has undoubtedly been impacted by the turmoil following the mini-Budget, which led to a sharp rise in market interest rates. Higher borrowing costs have added to stretched housing affordability at a time when household finances are already under pressure from high inflation. The market looks set to slow in the coming quarters. Inflation will remain high for some time yet and Bank Rate is likely to rise further as the Bank of England seeks to ensure demand in the economy slows to relieve domestic price pressures", Robert Gardner, Nationwide's Chief Economist, said.
2022-11-01
UK House Price Growth Continues to Slow
The Nationwide House Price Index in the UK increased 9.5% yoy in September of 2022, slightly less than 10% in August and below market forecasts of 10%. The growth rate came back to single digits for the first time since October last year. South West was the strongest performing region once again, while London remained weakest. Compared to August, house prices stalled, after taking account of seasonal effects, marking the first month not to record a sequential rise since July 2021. “There have been further signs of a slowdown in the market over the past month, with the number of mortgages approved for house purchase remaining below pre-pandemic levels and surveyors reporting a decline in new buyer enquiries. Nevertheless, the slowdown to date has been modest and, combined with a shortage of stock on the market, this has meant that price growth has remained firm", Robert Gardner, Nationwide's Chief Economist, said.
2022-09-30
UK House Price Growth Stronger than Expected
The Nationwide House Price Index in the UK increased 10.0% yoy in August of 2022, less than 11.0% in July but above market forecasts of 8.9%. Compared to July house prices went up 0.8%, after taking account of seasonal effects, the 13th consecutive monthly increase. In the past two years, the average house price has increased by almost £50,000. " We expect the market to slow further as pressure on household budgets intensifies in the coming quarters, with inflation set remain in double digits into next year. Moreover, the Bank of England is widely expected to continue raising interest rates, which will also exert a cooling impact on the market if this feeds through to mortgage rates, which have already increased noticeably in recent months", Robert Gardner, Nationwide's Chief Economist, said.
2022-09-01