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.