The Halifax house price index rose 5.2 percent from a year earlier in August of 2020, the largest annual increase since late 2016, as a surge in market activity has driven up house prices through the post-lockdown summer period, fuelled by the release of pent-up demand, a strong desire amongst some buyers to move to bigger properties, and the temporary cut to stamp duty. On a monthly basis, prices went up 1.6 percent, slightly above forecasts of 1.5 percent. The average price of a property reached over £245,000 for the first time on record. “Notwithstanding the various positive factors supporting the market in the short-term, it remains highly unlikely that this level of price inflation will be sustained. The macroeconomic picture in the UK should become clearer over the next few months as various Government support measures come to an end, and the true scale of the impact of the pandemic on the labour market becomes apparent", Russell Galley, Managing Director at Halifax said.

Housing Index in the United Kingdom averaged 204.41 points from 1983 until 2020, reaching an all time high of 423.76 points in August 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 September 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 410.00 in 12 months time. In the long-term, the United Kingdom House Price Index is projected to trend around 418.00 points in 2021 and 425.00 points in 2022, according to our econometric models.

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United Kingdom House Price Index

Actual Previous Highest Lowest Dates Unit Frequency
423.76 417.00 423.76 45.16 1983 - 2020 points Monthly
1983=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-07 07:30 AM Halifax House Price Index MoM Jul 1.6% -0.1% 0.3%
2020-08-07 07:30 AM Halifax House Price Index YoY Jul 3.8% 2.5% 2.3%
2020-09-07 07:30 AM Halifax House Price Index YoY Aug 5.2% 3.8% 4.2%
2020-09-07 07:30 AM Halifax House Price Index MoM Aug 1.6% 1.7% 1.5% 0.7%


News Stream
UK House Prices Rise the Most in Near 4 Years: Halifax
The Halifax house price index rose 5.2 percent from a year earlier in August of 2020, the largest annual increase since late 2016, as a surge in market activity has driven up house prices through the post-lockdown summer period, fuelled by the release of pent-up demand, a strong desire amongst some buyers to move to bigger properties, and the temporary cut to stamp duty. On a monthly basis, prices went up 1.6 percent, slightly above forecasts of 1.5 percent. The average price of a property reached over £245,000 for the first time on record. “Notwithstanding the various positive factors supporting the market in the short-term, it remains highly unlikely that this level of price inflation will be sustained. The macroeconomic picture in the UK should become clearer over the next few months as various Government support measures come to an end, and the true scale of the impact of the pandemic on the labour market becomes apparent", Russell Galley, Managing Director at Halifax said.
2020-09-07
UK House Price Growth Hits 6-Month High
The Halifax house price index rose 3.8 percent from a year earlier in July 2020, the largest annual increase since January, as the UK property market continued to emerge from coronavirus-induced lockdown. On a monthly basis, prices jumped 1.6 percent, the biggest rise this year after being flat in June.
2020-08-07
UK House Prices Rise at Slower Pace in June
The Halifax house price index rose 2.5 percent from a year earlier in June 2020, following a 2.6 percent increase in the previous month, as the UK property market continued to emerge from coronavirus-induced lockdown. On a monthly basis, prices dropped 0.1 percent, the first time since 2010 that prices have fallen for four months in a row. "The near-term outlook points to a continuation of the recent modest downward trend in prices through the third quarter of the year, with sentiment indicators, based on surveys of both agents and households, currently at or around multi-year lows."
2020-07-07
UK House Price Growth Continues to Slow
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.
2020-06-05

United Kingdom House Price Index
In the United Kingdom Housing Index refers to Halifax House Price Index. The Index is based on a sample of mortgage data covering around 15,000 house purchases per month.