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.