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.