Nationwide Housing Prices in the United Kingdom decreased to 520.32 points in July from 523.14 points in June of 2023. source: Nationwide Building Society, UK

Nationwide Housing Prices in the United Kingdom averaged 285.10 points from 1991 until 2023, reaching an all time high of 546.10 points in August 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 August of 2023.

Nationwide Housing Prices in the United Kingdom is expected to be 527.38 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 509.50 points in 2024 and 518.67 points in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
Width
Height
 Preview

United Kingdom Nationwide Housing Prices



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-08-01 06:00 AM Nationwide Housing Prices MoM Jul -0.2% 0.1% -0.2% -0.4%
2023-08-01 06:00 AM Nationwide Housing Prices YoY Jul -3.8% -3.5% -3.8% -4.0%


Related Last Previous Unit Reference
Nationwide Housing Prices 520.32 523.14 points Jul 2023

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
520.32 523.14 546.10 98.95 1991 - 2023 points Monthly
1993Q1=100, NSA

News Stream
UK House Prices Fall Most in 14 Years: Nationwide
The Nationwide House Price Index in the United Kingdom dropped by 3.8 percent from a year earlier in July 2023, showing an acceleration from the 3.5 percent decrease observed in June and marking the largest fall in house prices since July 2009. Housing market activity has been subdued in recent months because housing affordability remains stretched for those looking to buy a home with a mortgage, owing to the unprecedented rise in Bank of England interest rates. Nationwide's Chief Economist, Robert Gardner, stated, "While activity is likely to remain subdued in the near term, healthy rates of nominal income growth, together with modestly lower house prices, should help to improve housing affordability over time, especially if mortgage rates moderate once Bank Rate peaks."
2023-08-01
UK House Price Growth Falls Slightly
The Nationwide House Price Index in the UK fell slightly by 3.5% yoy in June of 2023, following a 3.4% slump in May and compared with market expectations of a 4% drop. In Q2, all regions except Northern Ireland experienced a decline in annual prices. Also, East Anglia exhibited the most significant drop in prices, recording a decrease of 4.7%. On a monthly basis, house prices edged up 0.1% in June, mainly due to seasonal effects, reversing a 0.1% fall in the previous month. “A relatively soft landing is still possible, providing the broader economy performs as we expect" Robert Gardner, Nationwide's Chief Economist, said. He also added "A combination of healthy rates of income growth and modest price declines should improve affordability over time, especially if mortgage rates moderate."
2023-06-30
UK House Prices Fall Most Since 2009: Nationwide
The Nationwide House Price Index in the United Kingdom dropped by 3.4 percent from a year earlier in May 2023, an acceleration from the 2.7 percent decrease observed in April and the largest fall in house prices since July 2009. According to the survey, the housing market in the country will likely face considerable challenges in the coming months due to the rapid increase in interest rates and ongoing inflationary pressures, which have been major factors in dampening the demand for new housing. "Nevertheless, in our view a relatively soft landing remains the most likely outcome since labour market conditions remain solid and household balance sheets appear in relatively good shape," Robert Gardner, Nationwide's chief economist, said. On a monthly basis, house prices edged down 0.1 percent in May.
2023-06-01