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.