The Nationwide House Price Index in the UK increased 11.2% year-on-year in May of 2022, following a 12.1% rise in the previous month and beating market expectations of a 10.5% gain. The price of a typical UK home accelerated to a fresh record high of £269,914. Prices rose by 0.3% month-on-month, the tenth successive monthly increase, after taking account of seasonal effects. "We continue to expect the housing market to slow as the year progresses. Household finances are likely to remain under pressure with inflation set to reach double digits in the coming quarters if global energy prices remain high. Measures of consumer confidence have already fallen towards record lows. Moreover, the Bank of England is widely expected to raise interest rates further, which will also exert a cooling impact on the market if this feeds through to mortgage rates," Robert Gardner, Nationwide's Chief Economist, said. source: Nationwide Building Society, UK

Nationwide Housing Prices in the United Kingdom averaged 275.41 points from 1991 until 2022, reaching an all time high of 533.87 points in April 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 June 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.

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United Kingdom Nationwide Housing Prices



Related Last Previous Unit Reference
Nationwide Housing Prices 538.68 533.87 points May 2022

United Kingdom Nationwide Housing Prices
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
538.68 533.87 538.68 98.95 1991 - 2022 points Monthly
1993Q1=100, NSA

News Stream
UK House Price Growth Beats Estimates
The Nationwide House Price Index in the UK increased 11.2% year-on-year in May of 2022, following a 12.1% rise in the previous month and beating market expectations of a 10.5% gain. The price of a typical UK home accelerated to a fresh record high of £269,914. Prices rose by 0.3% month-on-month, the tenth successive monthly increase, after taking account of seasonal effects. "We continue to expect the housing market to slow as the year progresses. Household finances are likely to remain under pressure with inflation set to reach double digits in the coming quarters if global energy prices remain high. Measures of consumer confidence have already fallen towards record lows. Moreover, the Bank of England is widely expected to raise interest rates further, which will also exert a cooling impact on the market if this feeds through to mortgage rates," Robert Gardner, Nationwide's Chief Economist, said.
2022-06-01
UK House Price Growth Slows More than Expected
The Nationwide House Price Index in the UK climbed 12.1% year-on-year in April of 2022, easing from a 14.3% advance in the previous month and below market expectations of 12.6%. The price of a typical UK home climbed to a new record high of £267,620. Prices rose by 0.3% month-on-month, the ninth successive monthly increase, though this is the smallest monthly gain since September last year ut marks the longest winning streak since 2016. “Housing market activity has remained solid with mortgage approvals continuing to run above pre-Covid levels. Demand is being supported by robust labour market conditions, where employment growth has remained strong and the unemployment rate has fallen back to pre-pandemic lows. With the stock of homes on the market still low, this has translated into continued upward pressure on house prices. ", Robert Gardner, Nationwide's Chief Economist, said.
2022-04-29
UK House Prices Rise the Most since 2004
The Nationwide House Price Index in the UK jumped 14.3% year-on-year in March of 2022, the strongest increase since November of 2004, and well above forecasts of 13.5%. On a monthly basis, prices increased 1.1%, also above forecasts of 0.8%, the eighth consecutive monthly increase. The price of a typical UK home climbed to a new record high of £265,312. Prices are now 21% higher than before the pandemic struck in early 2020. The number of mortgages approved for house purchase remained high in February at around 71,000, nearly 10% above pre-pandemic levels. “Nevertheless, we still think that the housing market is likely to slow in the quarters ahead. The squeeze on household incomes is set to intensify, with inflation expected to rise further, perhaps reaching double digits in the quarters ahead if global energy prices remain high", Robert Gardner, Nationwide's Chief Economist, said.
2022-03-31