The Nationwide House Price Index in the UK increased 10.7% yoy in June of 2022, slightly less than 11.2% in May and below market forecasts of 10.8%. Compared to May, house prices rose 0.3%, the 11th consecutive monthly increase. The price of a typical UK home climbed to a new record high of £271,613, with average prices increasing by over £26,000 in the past year. “There are tentative signs of a slowdown, with the number of mortgages approved for house purchases falling back towards pre-pandemic levels in April and surveyors reporting some softening in new buyer enquiries. Nevertheless, the housing market has retained a surprising amount of momentum given the mounting pressure on household budgets from high inflation, which has already driven consumer confidence to a record low", Robert Gardner, Nationwide's Chief Economist, said. source: Nationwide Building Society, UK
Nationwide Housing Prices in the United Kingdom averaged 276.81 points from 1991 until 2022, reaching an all time high of 541.84 points in June of 2022 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 July of 2022.
Nationwide Housing Prices in the United Kingdom is expected to be 546.89 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 549.28 points in 2023 and 564.11 points in 2024, according to our econometric models.