Annual house price growth in the UK eased to 10.5 percent in July of 2021 from a 17-year high of 13.4 percent in the previous month, as a deadline for a full tax break for home buyers passed. Figures compare with market forecasts of 12.1 percent. On a monthly basis, housing prices were down 0.5 percent, reversing from a 0.7 percent rise in June and compared to market consensus of a 0.6 percent gain. “ Underlying demand is likely to remain solid in the near term. Consumer confidence has rebounded in recent months while borrowing costs remain low. This, combined with a lack of supply on the market, suggests continued support for house prices. But, as we look toward the end of the year, the outlook is harder to foresee. Activity will almost inevitably soften for a period after the stamp duty holiday expires at the end of September, given the incentive for people to bring forward their purchases to avoid the additional tax.”, Robert Gardner, Nationwide’s chief economist, said. source: Nationwide Building Society, UK

Nationwide Housing Prices in the United Kingdom averaged 269.64 points from 1991 until 2021, reaching an all time high of 489.61 points in June of 2021 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 August of 2021.

Nationwide Housing Prices in the United Kingdom is expected to be 477.00 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 479.00 points in 2022 and 487.00 points in 2023, according to our econometric models.

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United Kingdom Nationwide Housing Prices

Actual Previous Highest Lowest Dates Unit Frequency
487.21 489.61 489.61 98.95 1991 - 2021 points Monthly
1993Q1=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-29 06:00 AM Nationwide Housing Prices YoY Jun 13.4% 10.9% 13.7% 13.3%
2021-06-29 06:00 AM Nationwide Housing Prices MoM Jun 0.7% 1.7% 0.7% 1%
2021-07-28 06:00 AM Nationwide Housing Prices YoY Jul 10.5% 13.4% 12.1% 11.5%
2021-07-28 06:00 AM Nationwide Housing Prices MoM Jul -0.5% 0.7% 0.6% 0.4%


News Stream
UK House Price Growth Cools in July
Annual house price growth in the UK eased to 10.5 percent in July of 2021 from a 17-year high of 13.4 percent in the previous month, as a deadline for a full tax break for home buyers passed. Figures compare with market forecasts of 12.1 percent. On a monthly basis, housing prices were down 0.5 percent, reversing from a 0.7 percent rise in June and compared to market consensus of a 0.6 percent gain. “ Underlying demand is likely to remain solid in the near term. Consumer confidence has rebounded in recent months while borrowing costs remain low. This, combined with a lack of supply on the market, suggests continued support for house prices. But, as we look toward the end of the year, the outlook is harder to foresee. Activity will almost inevitably soften for a period after the stamp duty holiday expires at the end of September, given the incentive for people to bring forward their purchases to avoid the additional tax.”, Robert Gardner, Nationwide’s chief economist, said.
2021-07-28
UK House Prices Rise the Most since 2004
Annual house price growth in the UK surged to 13.4% in June of 2021, the highest level since November 2004 but below market forecasts of 13.7%. On a monthly basis, housing prices were up 0.7%, easing from a 1.7% rise in May. “Underlying demand is likely to remain solid in the near term as the economy unlocks. Consumer confidence has rebounded while borrowing costs remain low. This, combined with a lack of supply on the market, suggests further upward pressure on prices. But as we look toward the end of the year, the outlook is harder to foresee. Activity will almost inevitably soften for a period after the stamp duty holiday expires at the end of September, given the strong incentive for people to bring forward their purchases to avoid the additional tax”, Robert Gardner, Nationwide’s chief economist, said.
2021-06-29
UK Annual House Price Growth Hits Double Digits
Annual house price growth in the UK surged to 10.9% in May of 2021, the highest level since August of 2014, and well above market forecasts of 9.2%. On a monthly basis, housing prices were up 1.8%, after rising 2.3% in April. Meanwhile, average house prices surged to a new record of £242,832, up £23,930 over the past twelve months. ““Housing market activity is likely to remain fairly buoyant over the next six months as a result of the stamp duty extension and additional support for the labour market included in the Budget, especially given continued low borrowing costs, improving credit availability and with many people still motivated to move as a result of changing housing preferences in the wake of the pandemic. With the stock of homes on the market constrained, there is scope for annual house price growth to accelerate further in the coming months, especially given the low base for comparison last year”, Robert Gardner, Nationwide’s chief economist, said.
2021-06-01
UK House Prices Grow More Than Expected
The Nationwide House Price Index in the UK increased by 7.1 percent year-on-year in April 2021, accelerating from a 5.7 percent rise in March and beating market expectations of 5 percent as stump duty cuts were extended until the end of June. On a monthly basis, prices rose 2.1 percent in April, the biggest monthly increase since 2004. “With the stock of homes on the market relatively constrained, there is scope for annual house price growth to accelerate further in the coming months, especially given the low base for comparison in early summer last year. Indeed, if house prices remain flat in month-on-month terms over the next two months, the annual rate of growth will reach double digits in June", Robert Gardner, Nationwide’s chief economist, said.
2021-04-30

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.