The UK Nationwide House Price Index rose 1% year-on-year in January 2026, surpassing the expected 0.7% and picking up from a 0.6% gain in December. On a monthly basis, prices increased 0.3%, in line with expectations, following a 0.4% decline in December. Nationwide Chief Economist Robert Gardner said housing activity dipped at the end of 2025, likely due to uncertainty over potential property tax changes, but mortgage approvals remained near pre-pandemic levels. He added that affordability improved over the past year, supported by earnings growth outpacing house prices and a steady decline in mortgage rates, helping sustain buyer demand. First-time buyer activity continued to rise as a share of purchases, with many buyers benefiting from relatively low mortgage payments. Regional variations persisted: London saw the largest improvement but remained least affordable, Northern Ireland worsened, while Scotland and parts of the North remained manageable. source: Nationwide Building Society, United Kingdom

Nationwide Housing Prices YoY in the United Kingdom increased to 1 percent in January from 0.60 percent in December of 2025. Nationwide Housing Prices YoY in the United Kingdom averaged 5.11 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 February of 2026.

Nationwide Housing Prices YoY in the United Kingdom increased to 1 percent in January from 0.60 percent in December of 2025. Nationwide Housing Prices YoY in the United Kingdom is expected to be 1.90 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 4.50 percent in 2027 and 5.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-02 07:00 AM
Nationwide Housing Prices YoY
Dec 0.6% 1.8% 1.2% 1.4%
2026-02-02 07:00 AM
Nationwide Housing Prices YoY
Jan 1% 0.6% 0.7% 1.5%
2026-02-27 07:00 AM
Nationwide Housing Prices YoY
Feb 1% 1.8%


Related Last Previous Unit Reference
Average House Prices 300077.00 297938.00 GBP Jan 2026
Construction Orders YoY 29.30 -11.90 percent Sep 2025
Construction Output YoY -1.10 0.90 percent Nov 2025
Mortgage Lending 4601.00 4593.00 GBP Million Dec 2025
Home Ownership Rate 64.50 64.70 percent Dec 2023
Halifax House Price Index MoM 0.70 -0.50 percent Jan 2026
Halifax House Price Index YoY 1.00 0.40 percent Jan 2026
Housing Index 517.50 513.80 points Jan 2026
Housing Starts 29620.00 29650.00 units Sep 2025
Mortgage Approvals 61.01 64.07 Thousand Dec 2025
BBA Mortgage Rate 6.62 6.77 percent Jan 2026
Nationwide Housing Prices 540.40 540.80 points Jan 2026
Nationwide Housing Prices MoM 0.30 -0.40 percent Jan 2026
Nationwide Housing Prices YoY 1.00 0.60 percent Jan 2026
Price to Rent Ratio 111.46 111.34 Sep 2025
Private Rental Prices YoY 4.00 4.40 percent Dec 2025
Residential Property Prices 2.96 2.83 Percent Sep 2025
RICS House Price Balance -14.00 -14.00 percent Dec 2025


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
1.00 0.60 26.50 -17.60 1992 - 2026 percent Monthly
NSA

News Stream
UK House Prices Rise More Than Expected
The UK Nationwide House Price Index rose 1% year-on-year in January 2026, surpassing the expected 0.7% and picking up from a 0.6% gain in December. On a monthly basis, prices increased 0.3%, in line with expectations, following a 0.4% decline in December. Nationwide Chief Economist Robert Gardner said housing activity dipped at the end of 2025, likely due to uncertainty over potential property tax changes, but mortgage approvals remained near pre-pandemic levels. He added that affordability improved over the past year, supported by earnings growth outpacing house prices and a steady decline in mortgage rates, helping sustain buyer demand. First-time buyer activity continued to rise as a share of purchases, with many buyers benefiting from relatively low mortgage payments. Regional variations persisted: London saw the largest improvement but remained least affordable, Northern Ireland worsened, while Scotland and parts of the North remained manageable.
2026-02-02
UK House Price Growth Hits 20-Month Low
The UK Nationwide House Price Index rose 0.6% year-on-year in December 2025, below market forecasts of 1.2% and easing from November’s 1.8% gain, marking the softest annual growth since April 2024. Compared to November, prices unexpectedly fell 0.4%, after taking account of seasonal effects, defying expectations of a 0.1% increase and reversing a 0.3% rise in the prior month, marking the first monthly decline in four months. Nationwide Chief Economist Robert Gardner said the slowdown in the year-on-year growth rate partly reflected strong price gains in December 2024 as well as the December 2025 price fall, and that the number of mortgages approved remained similar to levels before the COVID-19 pandemic. ” With price growth well below the rate of earnings growth and a steady decline in mortgage rates, affordability constraints eased somewhat, helping to underpin buyer demand," he added. Looking ahead, house price growth is expected to grow at an annual rate of 2% to 4% in 2026.
2026-01-02
UK House Price Growth Exceeds Forecasts
The UK Nationwide House Price Index rose 1.8% year-on-year in November 2025, above the expected 1.4% but slowing from October’s 2.4% gain, marking the softest annual growth since June 2024. On a monthly basis, prices increased 0.3%, compared to expectations of no growth and up from 0.2% in the prior period. Nationwide Chief Economist Robert Gardner noted resilience despite subdued consumer confidence, early signs of labour market weakness, and mortgage rates more than double pre-Covid levels, with prices near all-time highs. He added that steady mortgage approvals and ongoing demand, particularly from first-time buyers, support market stability. Gardner expects modest affordability improvements if income growth outpaces house prices, aided by potential Bank Rate cuts and strong household balance sheets. Housing activity is likely to remain steady, with limited impact from upcoming property tax changes and continued upward pressure on rental growth due to constrained supply.
2025-12-02