The Halifax house price index rose 2.6 percent from a year earlier in May 2020, following a 2.7 percent increase in the previous month and below market consensus of 2.8 percent, amid the coronavirus pandemic. On a monthly basis, prices dropped 0.2 percent, a third consecutive decline that reflected a continued loss of momentum following what was a strong start to the year. “Looking ahead, we expect market activity to increase progressively as restrictions are eased further across the whole of the UK and we continue to have confidence in the underlying health of the housing market over the long-term. However, the extent of downward pressure on market confidence and prices over the coming months will depend on how quickly the economy is able to recover from the effects of the pandemic and the available government policy support for jobs and households.” Russell Galley, Managing Director, Halifax, said.
Housing Index in the United Kingdom averaged 202.99 points from 1983 until 2020, reaching an all time high of 414.70 points in February of 2020 and a record low of 45.16 points in January of 1983. This page provides - United Kingdom House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom House Price Index - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Halifax and Bank of Scotland
Housing Index in the United Kingdom is expected to be 412.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in the United Kingdom to stand at 420.00 in 12 months time. In the long-term, the United Kingdom House Price Index is projected to trend around 428.00 points in 2021, according to our econometric models.