Annual house price growth in the UK slowed modestly to 6.4% in January of 2021 from a 6-year high of 7.3% in December, and compared with market forecasts of a 6.9% increase. On a monthly basis, prices fell 0.3%, the first decline in seven months. “The slowdown probably reflects a tapering of demand ahead of the end of the stamp duty holiday, which prompted many people considering a house move to bring forward their purchase. While the stamp duty holiday is not due to expire until the end of March, activity would be expected to weaken well before that, given that the purchase process typically takes several months. Looking ahead, shifts in housing preferences are likely to continue to provide some support for the market. However, if the stamp duty holiday ends as scheduled, and labour market conditions continue to weaken, housing market activity is likely to slow, perhaps sharply, in the coming months", Robert Gardner, Nationwide's Chief Economist, said. source: Nationwide Building Society, UK
Nationwide Housing Prices in the United Kingdom averaged 266.19 points from 1991 until 2021, reaching an all time high of 460.66 points in December of 2020 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 February of 2021.
Nationwide Housing Prices in the United Kingdom is expected to be 452.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Nationwide Housing Prices in the United Kingdom to stand at 440.00 in 12 months time. In the long-term, the United Kingdom Nationwide Housing Prices is projected to trend around 445.00 points in 2022, according to our econometric models.