House prices in the UK increased 8.8 percent year-on-year in June of 2021, following an upwardly revised 9.6 percent rise in the previous month which was the highest in 14 years, according to Halifax. On a monthly basis, prices were down 0.5 percent, the first decline since January as the stamp duty holiday wind down. “With the stamp duty holiday now being phased out, it’s was predicted the market might start to lose some steam entering the latter half of the year, and it’s unlikely that those with mortgages approved in the early months of summer expected to benefit from the maximum tax break, given the time needed to complete transactions", Russell Galley, Managing Director, Halifax, said. The average house price was GBP260,538, GBP21,000 higher than last year. source: Halifax and Bank of Scotland
Housing Index in the United Kingdom averaged 209.49 points from 1983 until 2021, reaching an all time high of 451.17 points in May of 2021 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 July of 2021.
Housing Index in the United Kingdom is expected to be 445.00 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 446.00 in 12 months time. In the long-term, the United Kingdom House Price Index is projected to trend around 440.00 points in 2022 and 446.00 points in 2023, according to our econometric models.