The Halifax house price index rose 7.5 percent from a year earlier in October 2020, the largest annual increase since June 2016, as the UK property market continued to emerge from coronavirus-induced lockdown. Over the past four months, house prices advanced 5.3 percent, the strongest since 2006. However, month-on-month price growth slowed considerably, down to just 0.3 percent compared to 1.5 percent in September. “This level of price inflation is underpinned by unusually high levels of demand, with latest industry figures showing home-buyer mortgage approvals at their highest level since 2007, as transaction levels continue to be supercharged by pent-up demand as a result of the spring/summer lockdown, as well as the Chancellor’s waiver on stamp duty for properties up to £500,000.", Russell Galley, Managing Director, Halifax, said. source: Halifax and Bank of Scotland
Housing Index in the United Kingdom averaged 205.41 points from 1983 until 2020, reaching an all time high of 431.90 points in October 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 December of 2020.
Housing Index in the United Kingdom is expected to be 402.00 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 415.00 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.