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. source: Halifax and Bank of Scotland
Housing Index in the United Kingdom averaged 211.08 points from 1983 until 2021, reaching an all time high of 461.40 points in September 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 October of 2021.
Housing Index in the United Kingdom is expected to be 465.00 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 466.00 points in 2022 and 470.00 points in 2023, according to our econometric models.