The UK Nationwide House Price Index rose 0.5% year-on-year in October 2026, the weakest growth since January 2024, down from 0.8% in September and below 0.6% forecasts. Monthly, prices were unchanged after a 0.3% decline. Nationwide Chief Economist Robert Gardner said market activity and house price growth have softened, reflecting an uncertain economic backdrop. He noted that Middle East tensions have pushed energy prices higher, fueling inflation concerns and lifting market expectations for Bank Rate increases, keeping upward pressure on mortgage rates. Forward-looking indicators point to further softness, with surveyors reporting weak buyer enquiries and consumer confidence down in October. However, Gardner said the market could regain momentum once the energy shock fades, citing resilient growth, employment and real incomes, alongside solid household balance sheets. He added that affordability has improved over the past two years, as income growth outpaced house price growth. source: Nationwide Building Society, United Kingdom

Nationwide Housing Prices YoY in the United Kingdom decreased to 0.50 percent in October from 0.80 percent in September of 2026. Nationwide Housing Prices YoY in the United Kingdom averaged 5.04 percent from 1992 until 2026, reaching an all time high of 26.50 percent in January of 2003 and a record low of -17.60 percent in February of 2009. This page includes a chart with historical data for the United Kingdom Nationwide Housing Prices YoY. United Kingdom Nationwide Housing Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

Nationwide Housing Prices YoY in the United Kingdom decreased to 0.50 percent in October from 0.80 percent in September of 2026. Nationwide Housing Prices YoY in the United Kingdom is expected to be 2.20 percent 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 YoY is projected to trend around 3.50 percent in 2027 and 5.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-01 06:00 AM
Nationwide Housing Prices YoY
Sep 0.8% 1.6% 1.3% 1.5%
2026-10-30 07:00 AM
Nationwide Housing Prices YoY
Oct 0.5% 0.8% 0.6% 0.8%
2026-11-30 07:00 AM
Nationwide Housing Prices YoY
Nov 0.5%


Related Last Previous Unit Reference
Average House Prices 298441.00 298395.00 GBP Sep 2026
Construction Orders YoY -18.10 -11.90 percent Jun 2026
Construction Output YoY -1.80 -1.90 percent Aug 2026
Mortgage Lending 3870.00 4170.00 GBP Million Sep 2026
Home Ownership Rate 64.50 64.70 percent Dec 2023
Lloyds House Price Index MoM 0.00 -0.30 percent Sep 2026
Lloyds House Price Index YoY 0.00 -0.40 percent Sep 2026
Housing Index 514.60 514.60 points Sep 2026
Housing Starts 35910.00 34030.00 units Jun 2026
Mortgage Approvals 53.44 54.81 Thousand Sep 2026
BBA Mortgage Rate 6.58 6.58 percent Sep 2026
Nationwide Housing Prices 547.80 548.10 points Oct 2026
Nationwide Housing Prices MoM 0.00 -0.30 percent Oct 2026
Nationwide Housing Prices YoY 0.50 0.80 percent Oct 2026
Price to Rent Ratio 109.85 110.08 points Jun 2026
Private Rental Prices YoY 3.80 3.80 percent Sep 2026
Residential Property Prices 2.87 1.18 Percent Jun 2026
RICS House Price Balance -32.00 -28.00 percent Sep 2026


United Kingdom Nationwide Housing Prices YoY
The Nationwide house price index is an indicator of trends in UK house prices. The index is calculated based on owner occupier house purchase transactions involving a mortgage. Buy to let and cash purchases are not included.
Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.80 26.50 -17.60 1992 - 2026 percent Monthly
NSA

News Stream
UK House Price Growth Slowest Since 2024
The UK Nationwide House Price Index rose 0.5% year-on-year in October 2026, the weakest growth since January 2024, down from 0.8% in September and below 0.6% forecasts. Monthly, prices were unchanged after a 0.3% decline. Nationwide Chief Economist Robert Gardner said market activity and house price growth have softened, reflecting an uncertain economic backdrop. He noted that Middle East tensions have pushed energy prices higher, fueling inflation concerns and lifting market expectations for Bank Rate increases, keeping upward pressure on mortgage rates. Forward-looking indicators point to further softness, with surveyors reporting weak buyer enquiries and consumer confidence down in October. However, Gardner said the market could regain momentum once the energy shock fades, citing resilient growth, employment and real incomes, alongside solid household balance sheets. He added that affordability has improved over the past two years, as income growth outpaced house price growth.
2026-10-30
UK House Price Growth Slows More Than Expected
The UK Nationwide House Price Index rose 0.8% year-on-year in September 2026, easing from a 1.6% increase in August and less than the estimated 1.3% rise. It marked the lowest reading since December 2025. Nationwide Chief Economist Robert Gardner said market activity and house prices have remained subdued in recent months, partly reflecting the uncertain economic backdrop, with the conflict in the Middle East putting upward pressure on energy prices and fueling inflation concerns. However, he noted that private-sector wage growth has remained modest, which should give policymakers room to assess the extent to which tighter policy is necessary to ensure inflation returns sustainably to target. Gardner added that affordability is improving as house price growth has remained well below earnings growth for some time, although higher mortgage rates have partially offset these gains. Monthly, house prices decreased 0.2%, after a 0.2% rise in August and compared with forecasts for no change.
2026-10-01
UK House Price Growth Falls Short of Forecast
The UK Nationwide House Price Index rose 1.6% year-on-year in August 2026, following a revised 1.4% increase in July and coming in below the expected 2.1% gain. Nationwide Chief Economist Robert Gardner said market activity and house prices have remained subdued in recent months amid an uncertain economic backdrop, with Middle East tensions pushing up energy prices and contributing to volatility in market interest rate expectations. However, moderating private-sector wage growth and signs that higher energy costs have not yet fed into underlying price pressures could give the Bank of England more room to assess policy. Gardner noted that affordability is improving as house price growth remains well below earnings growth, although higher mortgage rates have offset some of the gains. He added that activity could regain momentum if the energy shock fades and market interest rates decline. On a monthly basis, house prices grew 0.2%, following a 0.1% fall in July.
2026-09-01