The UK Nationwide House Price Index rose 1.7% year-on-year in May 2026, easing from a 3.0% increase in April and marking the softest growth in three months. Compared to April, house prices dropped 0.6%, the first decline in five months, following a 0.4% gain, and exceeding expectations for a 0.1% fall. Nationwide Chief Economist Robert Gardner said the slowdown was partly driven by heightened uncertainty stemming from developments in the Middle East, which pushed up energy prices and market interest rates while weighing on consumer confidence and housing demand. Despite the softer momentum, he noted that the UK economy entered the shock on a stronger footing, supported by solid first-quarter growth and easing inflation. Gardner added that household finances remain relatively healthy, backed by low debt levels, sizable savings buffers and improving affordability, suggesting any housing market weakness could prove temporary if energy prices stabilize and geopolitical tensions ease. source: Nationwide Building Society, United Kingdom

Nationwide Housing Prices YoY in the United Kingdom decreased to 1.70 percent in May from 3 percent in April of 2026. Nationwide Housing Prices YoY in the United Kingdom averaged 5.08 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 June of 2026.

Nationwide Housing Prices YoY in the United Kingdom decreased to 1.70 percent in May from 3 percent in April 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 4.50 percent in 2027 and 5.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-01 06:00 AM
Nationwide Housing Prices YoY
Apr 3% 2.2% 2.2% 2.5%
2026-06-01 06:00 AM
Nationwide Housing Prices YoY
May 1.7% 3% 2.9%
2026-06-30 06:00 AM
Nationwide Housing Prices YoY
Jun 1.7% 2.2%


Related Last Previous Unit Reference
Average House Prices 298806.00 299251.00 GBP May 2026
Construction Orders YoY -11.90 28.10 percent Mar 2026
Construction Output YoY -1.00 -0.30 percent Apr 2026
Mortgage Lending 4370.00 6830.00 GBP Million Apr 2026
Home Ownership Rate 64.50 64.70 percent Dec 2023
Halifax House Price Index MoM -0.10 -0.10 percent May 2026
Halifax House Price Index YoY 0.50 0.40 percent May 2026
Housing Index 515.30 516.00 points May 2026
Housing Starts 33960.00 37230.00 units Mar 2026
Mortgage Approvals 65.94 63.98 Thousand Apr 2026
BBA Mortgage Rate 6.60 6.60 percent May 2026
Nationwide Housing Prices 554.60 556.30 points May 2026
Nationwide Housing Prices MoM -0.60 0.40 percent May 2026
Nationwide Housing Prices YoY 1.70 3.00 percent May 2026
Price to Rent Ratio 110.71 111.09 Dec 2025
Private Rental Prices YoY 3.50 3.40 percent Apr 2026
Residential Property Prices 0.88 2.27 Percent Mar 2026
RICS House Price Balance -35.00 -35.00 percent May 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
1.70 3.00 26.50 -17.60 1992 - 2026 percent Monthly
NSA

News Stream
UK House Price Growth Slows in May
The UK Nationwide House Price Index rose 1.7% year-on-year in May 2026, easing from a 3.0% increase in April and marking the softest growth in three months. Compared to April, house prices dropped 0.6%, the first decline in five months, following a 0.4% gain, and exceeding expectations for a 0.1% fall. Nationwide Chief Economist Robert Gardner said the slowdown was partly driven by heightened uncertainty stemming from developments in the Middle East, which pushed up energy prices and market interest rates while weighing on consumer confidence and housing demand. Despite the softer momentum, he noted that the UK economy entered the shock on a stronger footing, supported by solid first-quarter growth and easing inflation. Gardner added that household finances remain relatively healthy, backed by low debt levels, sizable savings buffers and improving affordability, suggesting any housing market weakness could prove temporary if energy prices stabilize and geopolitical tensions ease.
2026-06-01
UK House Price Growth at 11-Month High
UK house prices rose 3.0% year-on-year in April, marking the fastest pace since May 2025, Nationwide data showed. The latest result topped market expectations and March’s 2.2% gain, with Chief Economist Robert Gardner noting the housing market has regained momentum despite Middle East tensions and higher energy costs. “This is somewhat surprising given that indicators of consumer confidence have weakened noticeably,” he said, adding that higher interest rates and a more uncertain backdrop remain headwinds. On a monthly basis, prices increased 0.4%, easing from a 0.9% gain in March.
2026-05-01
UK House Price Growth Accelerates in March
The UK Nationwide House Price Index rose 2.2% year-on-year in March 2026, picking up from 1.0% growth in February and marking the fastest increase since last October. On a monthly basis, prices rose 0.9%, above forecasts of a 0.6% gain and accelerating from a 0.3% increase in the previous period. Chief Economist Robert Gardner said the rebound signals improving conditions, but rising global energy prices linked to Middle East tensions pose downside risks. He warned UK growth may slow while inflation could exceed expectations, with markets now pricing in three rate hikes over the next year versus earlier expectations for cuts, pushing up mortgage costs and weighing on affordability and demand. Still, fundamentals remain supportive, with a resilient labor market, low household debt, strong savings, and around 90% of mortgages on fixed rates. Regionally, growth was uneven in Q1, led by Northern Ireland (+9.5%), followed by North West England (+3.3%), while England lagged (+0.9%).
2026-03-31