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.