The Nationwide House Price Index in the UK increased 3.7 percent year-on-year in August 2020, easily beating market consensus of a 2 percent rise. On a monthly basis, the index jumped 2 percent, the highest monthly increase since February 2004. “The bounce back in prices reflects the unexpectedly rapid recovery in housing market activity since the easing of lockdown restrictions." Robert Gardner, Nationwide's Chief Economist, said. “These trends look set to continue in the near term, further boosted by the recently announced stamp duty holiday, which will serve to bring some activity forward. However, most forecasters expect labour market conditions to weaken significantly in the quarters ahead as a result of the aftereffects of the pandemic and as government support schemes wind down. If this comes to pass, it would likely dampen housing activity once again in the quarters ahead." he added.
Nationwide Housing Prices in the United Kingdom averaged 263.50 points from 1991 until 2020, reaching an all time high of 445.50 points in August of 2020 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 September of 2020. source: Nationwide Building Society, UK
Nationwide Housing Prices in the United Kingdom is expected to be 438.00 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 436.00 in 12 months time. In the long-term, the United Kingdom Nationwide Housing Prices is projected to trend around 440.00 points in 2021 and 445.00 points in 2022, according to our econometric models.