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.

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United Kingdom House Price Index

Actual Previous Highest Lowest Dates Unit Frequency
410.10 410.90 414.70 45.16 1983 - 2020 points Monthly
1983=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-07 07:30 AM Halifax House Price Index YoY Apr 2.7% 3% 2.6%
2020-05-07 07:30 AM Halifax House Price Index MoM Apr -0.6% -0.3% -0.7% -0.9%
2020-06-05 07:30 AM Halifax House Price Index MoM May -0.2% -0.6% -0.7% -1%
2020-06-05 07:30 AM Halifax House Price Index YoY May 2.6% 2.7% 2.8% 1.9%


News Stream
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
UK House Price Growth Slows in April
The Halifax house price index rose 2.7 percent from a year earlier in April 2020, following a 3.0 percent increase in the previous month, as the impact of measures taken to contain the spread of coronavirus started to filter through to the housing market. "With market activity currently almost at a complete standstill, the limited number of transactions available means that calculating average house prices has inevitably become more challenging" Russell Galley, Managing Director, Halifax, said. "It will not be until after lockdown restrictions are eased that we will get a sense of the new temporary normal conditions for the housing market" he added. "The future remains uncertain and based on our current forecasting we expect short term headwinds to house prices, although we maintain our underlying confidence in the health of the housing market in the longer term."
2020-05-07
UK House Price Growth Accelerates in March
The Halifax house price index rose 3.0 percent from a year earlier in March 2020, following a 2.8 percent increase in the previous month and missing market expectations of a 3.3 percent growth. "The UK housing market began March with similar trends to previous months, as key market indicators showed a sustained level of buyer and seller activity", Russell Galley, Managing Director, Halifax, said. "However, it’s clear we ended the month in very different territory as a result of the country’s response to the coronavirus pandemic. On a practical level, most market activity has been paused, with the public rightly following advice to stay at home, and estate agencies, surveyors and conveyancers temporarily closing as a result. With viewings cancelled and movers being encouraged to put transactions on hold, activity will inevitably fall sharply in the coming months", he added.
2020-04-07
UK House Prices Rise 2.8% YoY: Halifax
House prices in the UK went up 2.8 percent year-on-year in February of 2020, well below a 4.1 percent jump in January and market expectations of 4 percent, Halifax data showed. On a monthly basis, house prices increased 0.3 percent, easing from a 0.4 percent rise in January but slightly higher than forecasts of 0.2 percent. The average house price was GBP 240,677. The increases seen in February reflects the continued improvement of key market indicators. The sustained level of buyer and seller activity is strong compared to recent years, with positive employment conditions and a competitive mortgage market continuing to support demand.Looking ahead, there are a number of risks, including the potential impact of coronavirus, which continue to exert pressure on the economy and we wait to see how these will affect housing market sentiment later in the year, according to Russell Galley, Managing Director.
2020-03-06

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.