Housing Index in the United Kingdom increased to 465.63 points in October from 461.30 points in September of 2021. source: Halifax and Bank of Scotland

Housing Index in the United Kingdom averaged 211.62 points from 1983 until 2021, reaching an all time high of 465.63 points in October of 2021 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 December of 2021.

Housing Index in the United Kingdom is expected to be 468.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom House Price Index is projected to trend around 476.00 points in 2022 and 470.00 points in 2023, according to our econometric models.

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United Kingdom House Price Index

Related Last Previous Unit Reference
Housing Index 465.63 461.30 points Oct/21

News Stream
UK Home Price Growth Picks Up to 4-Month High
The Halifax house price index in the United Kingdom rose 8.1 percent from a year earlier in October 2021, the most since June, as the performance of the economy and a surge in demand for labor continued to provide a benign backdrop to housing market activity. Buying demand, however, is expected to cool in the months ahead on the back of higher interest rates, which in turn would be tempered by the continued limited supply of properties available on the market. The housing market has been supported over the past 18 months by the race for space, with buyers seeking larger properties due to the pandemic, the cut to Stamp Duty, and first-time buyers helped by parental deposits, improved mortgage access and low borrowing costs. On a monthly basis, house prices were up 0.9 percent in October, compared with 1.7 percent in September.
UK House Prices Surge in September
The Halifax House Price Index in the UK jumped 7.4% year-on-year in September of 2021, higher than 7.2% in August and reversing the recent three-month downward trend as the stamp duty holiday draws to a close. On a monthly basis, house prices jumped 1.7%, the most since February 2007. The price of an average house is now as expensive as it has ever been, standing at just over £267,500. “Against a backdrop of rising pressures on the cost of living and impending increases in taxes, demand might be expected to soften in the months ahead, with some industry measures already indicating lower levels of buyer activity. Nevertheless, low borrowing costs and improving labour market prospects for those already in employment are likely to continue to provide support. Perhaps the biggest factor in determining the future of house prices remains the limited supply of available properties”, Russell Galley, Managing Director, Halifax, said.
UK House Price Growth Eases to 5-Month Low
The Halifax House Price Index in the UK rose by 7.1 percent year-on-year to a record of £262,954 in August 2021, the smallest gain since March as much of the impact from the stamp duty holiday faded. However, other significant drivers of house price inflation should continue to provide some support. “We believe structural factors have driven record levels of buyer activity - such as the demand for more space amid greater home working.", Russell Galley, Managing Director, Halifax, said. "Moreover, the macroeconomic environment is becoming increasingly positive, with job vacancies at a record high and consumer confidence returning to pre pandemic levels. Coupled with a supply of properties for sale that looks increasingly tight, and barring any reimposition of lockdown measures or a significant increase in unemployment as job support schemes are unwound later this year, these factors should continue to support prices in the near-term", he added.

United Kingdom House Price Index
The Halifax House Price Index is the UK's longest running monthly house price series with data covering the whole country going back to January 1983. From this data, a "standardized" house price is calculated and property price movements on a like -for-like basis (including seasonal adjustments) are analyzed over time.