Annual house price growth rose to 11 percent in August of 2021 from 10.5 percent in the previous month, above market expectations of 8.6 percent. On a monthly basis, housing prices climbed 2.1 percent, the second largest gain in 15 years and well above market forecast of 0.2 percent. House prices are now around 13% higher than when the pandemic began.”Underlying demand is likely to remain solid in the near term. Consumer confidence has rebounded in recent months while borrowing costs remain low; and the lack of supply on the market, suggests continued support for house prices. Activity will almost inevitably soften for a period after the stamp duty holiday expires at the end of September, given the incentive for people to bring forward their purchases to avoid the additional tax. Moreover, underlying demand is likely to soften around the turn of the year if unemployment rises, as most analysts expect, when government support schemes wind down.” source: Nationwide Building Society, UK
Nationwide Housing Prices in the United Kingdom averaged 270.26 points from 1991 until 2021, reaching an all time high of 496.44 points in August of 2021 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 2021.
Nationwide Housing Prices in the United Kingdom is expected to be 502.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Nationwide Housing Prices is projected to trend around 515.00 points in 2022 and 520.00 points in 2023, according to our econometric models.