The Halifax house price index in the UK increased 7.3% year-on-year in September of 2020, well above a 5.2% rise in August, and the strongest gain since mid-2016. Still, September 2019 saw political uncertainty weigh on the market. On a monthly basis, house prices increased 1.6 percent, following an upwardly revised 1.7 percent rise. The average price of a property reached £249,870, compared to £245,889 in August. "Across the last three months, we have received more mortgage applications from both first time buyers and homemovers than anytime since 2008. There has been a fundamental shift in demand from buyers brought about by the structural effects of increased home working and a desire for more space, while the stamp duty holiday is incentivising vendors and buyers to close deals at pace before the break ends next March", Russell Galley, Managing Director, Halifax, said. source: Halifax and Bank of Scotland
Housing Index in the United Kingdom averaged 204.91 points from 1983 until 2020, reaching an all time high of 430.90 points in September of 2020 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 October of 2020.
Housing Index in the United Kingdom is expected to be 402.00 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 415.00 in 12 months time. In the long-term, the United Kingdom House Price Index is projected to trend around 418.00 points in 2021 and 425.00 points in 2022, according to our econometric models.