Annual house price growth in the UK surged to 10.9% in May of 2021, the highest level since August of 2014, and well above market forecasts of 9.2%. On a monthly basis, housing prices were up 1.8%, after rising 2.3% in April. Meanwhile, average house prices surged to a new record of £242,832, up £23,930 over the past twelve months. ““Housing market activity is likely to remain fairly buoyant over the next six months as a result of the stamp duty extension and additional support for the labour market included in the Budget, especially given continued low borrowing costs, improving credit availability and with many people still motivated to move as a result of changing housing preferences in the wake of the pandemic. With the stock of homes on the market constrained, there is scope for annual house price growth to accelerate further in the coming months, especially given the low base for comparison last year”, Robert Gardner, Nationwide’s chief economist, said. source: Nationwide Building Society, UK

Nationwide Housing Prices in the United Kingdom averaged 268.44 points from 1991 until 2021, reaching an all time high of 484.42 points in May of 2021 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 June of 2021.

Nationwide Housing Prices in the United Kingdom is expected to be 481.00 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 486.00 in 12 months time. In the long-term, the United Kingdom Nationwide Housing Prices is projected to trend around 479.00 points in 2022 and 487.00 points in 2023, according to our econometric models.

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United Kingdom Nationwide Housing Prices

Actual Previous Highest Lowest Dates Unit Frequency
484.42 476.44 484.42 98.95 1991 - 2021 points Monthly
1993Q1=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-30 06:00 AM Nationwide Housing Prices YoY Apr 7.1% 5.7% 5% 4.9%
2021-04-30 06:00 AM Nationwide Housing Prices MoM Apr 2.1% -0.3% 0.5% 0.7%
2021-06-01 06:00 AM Nationwide Housing Prices YoY May 10.9% 7.1% 9.2% 10.3%
2021-06-01 06:00 AM Nationwide Housing Prices MoM May 1.8% 2.3% 0.8% 1.1%


News Stream
UK Annual House Price Growth Hits Double Digits
Annual house price growth in the UK surged to 10.9% in May of 2021, the highest level since August of 2014, and well above market forecasts of 9.2%. On a monthly basis, housing prices were up 1.8%, after rising 2.3% in April. Meanwhile, average house prices surged to a new record of £242,832, up £23,930 over the past twelve months. ““Housing market activity is likely to remain fairly buoyant over the next six months as a result of the stamp duty extension and additional support for the labour market included in the Budget, especially given continued low borrowing costs, improving credit availability and with many people still motivated to move as a result of changing housing preferences in the wake of the pandemic. With the stock of homes on the market constrained, there is scope for annual house price growth to accelerate further in the coming months, especially given the low base for comparison last year”, Robert Gardner, Nationwide’s chief economist, said.
2021-06-01
UK House Prices Grow More Than Expected
The Nationwide House Price Index in the UK increased by 7.1 percent year-on-year in April 2021, accelerating from a 5.7 percent rise in March and beating market expectations of 5 percent as stump duty cuts were extended until the end of June. On a monthly basis, prices rose 2.1 percent in April, the biggest monthly increase since 2004. “With the stock of homes on the market relatively constrained, there is scope for annual house price growth to accelerate further in the coming months, especially given the low base for comparison in early summer last year. Indeed, if house prices remain flat in month-on-month terms over the next two months, the annual rate of growth will reach double digits in June", Robert Gardner, Nationwide’s chief economist, said.
2021-04-30
UK House Price Growth Slows in March
The Nationwide House Price Index in the UK increased 5.7 percent year-on-year in March 2021, easing from a 6.9 percent rise in February and missing market expectations of 6.4 percent, probably reflecting a softening of demand ahead of the original end of the stamp duty holiday before the Chancellor announced the extension in the Budget. On a monthly basis, prices fell 0.2 percent in March, also missing forecasts of a 0.4 percent rise. "The longer-term outlook remains highly uncertain. It may be that the recovery continues to gather momentum and that shifts in housing demand resulting from the pandemic continue to lift the market. However, if the labor market weakens towards the end of the year as policy support is withdrawn, as most analysts expect, then activity is likely to slow nearer the end of 2021, perhaps sharply", Robert Gardner, Nationwide’s chief economist, said.
2021-03-31
UK House Prices Surprise on the Upside: Nationwide
Annual house price growth in the UK accelerated to 6.9% in February of 2021 from a 6.4% in January, and compared with market forecasts of a 5.6% increase. On a monthly basis, prices jumped 0.7%, following a 0.2% decline in January. “This increase is a surprise. It seemed more likely that annual price growth would soften further ahead of the end of the stamp duty holiday, which prompted many people considering a house move to bring forward their purchase. It may be that the stamp duty holiday is still providing some forward momentum, especially given the paucity of properties on the market at present. Shifts in housing preferences may also be providing a more significant boost to demand, despite the uncertain economic outlook", Robert Gardner, Nationwide's Chief Economist, said.
2021-03-02

United Kingdom Nationwide Housing Prices
The Nationwide house price index is an indicator of trends in UK house prices. The index is calculated based on owner occupier house purchase transactions involving a mortgage. Buy to let and cash purchases are not included.