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.

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United Kingdom House Price Index

Actual Previous Highest Lowest Dates Unit Frequency
430.90 424.00 430.90 45.16 1983 - 2020 points Monthly
1983=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-07 07:30 AM Halifax House Price Index YoY Aug 5.2% 3.8% 4.2%
2020-09-07 07:30 AM Halifax House Price Index MoM Aug 1.6% 1.7% 1.5% 0.7%
2020-10-07 07:30 AM Halifax House Price Index MoM Sep 1.6% 1.7% 0.8%
2020-10-07 07:30 AM Halifax House Price Index YoY Sep 7.3% 5.2% 6.6%


News Stream
UK House Prices Continue to Rise: Halifax
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.
2020-10-07
UK House Prices Rise the Most in Near 4 Years: Halifax
The Halifax house price index rose 5.2 percent from a year earlier in August of 2020, the largest annual increase since late 2016, as a surge in market activity has driven up house prices through the post-lockdown summer period, fuelled by the release of pent-up demand, a strong desire amongst some buyers to move to bigger properties, and the temporary cut to stamp duty. On a monthly basis, prices went up 1.6 percent, slightly above forecasts of 1.5 percent. The average price of a property reached over £245,000 for the first time on record. “Notwithstanding the various positive factors supporting the market in the short-term, it remains highly unlikely that this level of price inflation will be sustained. The macroeconomic picture in the UK should become clearer over the next few months as various Government support measures come to an end, and the true scale of the impact of the pandemic on the labour market becomes apparent", Russell Galley, Managing Director at Halifax said.
2020-09-07
UK House Price Growth Hits 6-Month High
The Halifax house price index rose 3.8 percent from a year earlier in July 2020, the largest annual increase since January, as the UK property market continued to emerge from coronavirus-induced lockdown. On a monthly basis, prices jumped 1.6 percent, the biggest rise this year after being flat in June.
2020-08-07
UK House Prices Rise at Slower Pace in June
The Halifax house price index rose 2.5 percent from a year earlier in June 2020, following a 2.6 percent increase in the previous month, as the UK property market continued to emerge from coronavirus-induced lockdown. On a monthly basis, prices dropped 0.1 percent, the first time since 2010 that prices have fallen for four months in a row. "The near-term outlook points to a continuation of the recent modest downward trend in prices through the third quarter of the year, with sentiment indicators, based on surveys of both agents and households, currently at or around multi-year lows."
2020-07-07

United Kingdom House Price Index
In the United Kingdom Housing Index refers to Halifax House Price Index. The Index is based on a sample of mortgage data covering around 15,000 house purchases per month.