Annual house price growth in the UK accelerated slightly to 10.0 percent in November of 2021 from 9.9 percent in the previous month, and above market expectations of 9.3 percent. On a monthly basis, housing prices rose 0.9 percent, after taking into account of seasonal effects and above market forecast of 0.5 percent. As a result, house prices are now almost 15% above the level prevailing in March last year when the pandemic struck the UK. “The outlook remains uncertain, where a number of factors suggest the pace of activity may slow. It is unclear what impact the new ‘Omicron’ variant will have on the wider economy. While consumer confidence stabilised in November, sentiment remains well below the levels seen during the summer, partly as a result of a sharp increase in the cost of living. Moreover, inflation is set to rise further, probably towards 5% in the coming quarters, “Robert Gardner, Nationwide's Chief Economist, said. source: Nationwide Building Society, UK

Nationwide Housing Prices in the United Kingdom averaged 270.26 points from 1991 until 2021, reaching an all time high of 496.44 points in August 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 December of 2021.

Nationwide Housing Prices in the United Kingdom is expected to be 502.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Nationwide Housing Prices is projected to trend around 515.00 points in 2022 and 520.00 points in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United Kingdom Nationwide Housing Prices


Calendar GMT Actual Previous Consensus TEForecast
2021-12-01 07:00 AM Nationwide Housing Prices YoY Nov 10.0% 9.9% 9.3% 8.7%
2021-12-01 07:00 AM Nationwide Housing Prices MoM Nov 0.9% 0.7% 0.5% 0.5%


Related Last Previous Unit Reference
Nationwide Housing Prices 504.10 495.76 points Nov/21

News Stream
UK House Price Growth Accelerates Slightly
Annual house price growth in the UK accelerated slightly to 10.0 percent in November of 2021 from 9.9 percent in the previous month, and above market expectations of 9.3 percent. On a monthly basis, housing prices rose 0.9 percent, after taking into account of seasonal effects and above market forecast of 0.5 percent. As a result, house prices are now almost 15% above the level prevailing in March last year when the pandemic struck the UK. “The outlook remains uncertain, where a number of factors suggest the pace of activity may slow. It is unclear what impact the new ‘Omicron’ variant will have on the wider economy. While consumer confidence stabilised in November, sentiment remains well below the levels seen during the summer, partly as a result of a sharp increase in the cost of living. Moreover, inflation is set to rise further, probably towards 5% in the coming quarters, “Robert Gardner, Nationwide's Chief Economist, said.
2021-12-01
UK House Price Growth Beats Estimates
Annual house price growth in the UK eased slightly to 9.9 percent in October of 2021 from 10 percent in the previous month, but above market expectations of 9.3 percent. On a monthly basis, housing prices went up 0.7 percent, after taking into account of seasonal effects and above market forecast of 0.4 percent. The price of a typical UK home has now passed the £250,000 mark, an increase of £30,728 since the pandemic struck in March 2020. “The outlook remains extremely uncertain. If the labour market remains resilient, conditions may stay fairly buoyant in the coming months, especially as the market continues to have momentum and there is scope for ongoing shifts in housing preferences as a result of the pandemic to continue to support activity. However, a number of factors suggest the pace of activity may slow. It is still unclear how the wider economy will respond to the withdrawal of government support measures, “Robert Gardner, Nationwide's Chief Economist, said.
2021-11-03
UK House Price Growth Slows in September
Annual house price growth in the UK eased to 10 percent in September of 2021 from 11 percent in the previous month, below market expectations of 10.7 percent. On a monthly basis, housing prices edged up 0.1 percent, after taking into account of seasonal effects and below market forecast of 0.6 percent. House prices are now around 13% higher than when the pandemic began. “As we look towards the end of the year, the outlook remains uncertain. Activity is likely to soften for a period after the stamp duty holiday expires at the end of September, given the incentive for people to bring forward their purchases to avoid the additional tax. Moreover, underlying demand is likely to soften around the turn of the year if unemployment rises as government support winds down, as seems likely, “Robert Gardner, Nationwide's Chief Economist, said. .
2021-09-30

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.