Reports
Local affordability special report: where are the most & least affordable areas in each region?
Nationwide's recent Affordability Report identified there had been a significant widening in the gap between the least affordable and most affordable regions. However, there is also considerable variation within regions and this report explores this further.
Annual house price growth slows for first time in six months as end of stamp duty holiday approaches
- Annual house price growth slowed to 6.4%, from 7.3% in December
- Prices down 0.3% month-on-month, after taking account of seasonal factors
- Home ownership rises for third year running
Affordability special report: raising a deposit rather than mortgage payments the major barrier for first time buyers
- High house prices relative to average earnings continue to make raising a deposit a significant barrier for first time buyers (FTBs)
- 20% deposit equivalent to 104% average income
- But low mortgage rates mean the cost of servicing a mortgage as a share of take-home pay is close to the historic average
- Significant variation by region and occupation
- North & Scotland remain most affordable regions
Annual house price growth rose to a six-year high of 7.3% at the end of 2020
- Prices up 0.8% month-on-month, after taking account of seasonal factors
- All regions saw a pickup in house price growth rates in Q4, with East Midlands the strongest region
Annual house price growth accelerates further in November
- Annual house price growth rose to 6.5% in November, the highest rate since Jan 2015
- Prices up 0.9% month-on-month, after taking account of seasonal factors
National Parks produce 20% price premium
- 20% premium for a property situated within a National Park
- 6% premium for a property within 5km of a National Park
Annual house price growth reaches five-year high in October
- Annual house price growth rises to 5.8% in October, the highest rate since Jan 2015
- Prices up 0.8% month-on-month, after taking account of seasonal factors
Annual house price growth gathers momentum in September as housing market recovery continues
- Annual price growth picked up to 5.0% in September, the highest rate since Sep 2016
- Prices rose 0.9% month-on-month, after taking account of seasonal factors
- Most regions saw a pickup in house price growth rates in Q3
House prices recover from recent dip to reach new all-time high in August
- Annual house price growth picked up to 3.7% in August
- Prices up 2% month-on-month, after taking account of seasonal factors, as momentum builds
House price growth rebounds in July as activity bounces back
- Annual house price growth recovers to 1.5% in July
- Prices up 1.7% month-on-month, after taking account of seasonal factors, reversing last month’s fall
- Stamp duty holiday likely to provide further support in the near term
Annual house price growth grinds to a halt in June as the impact of the pandemic filters through
- Annual price growth grinds to a halt in June with prices down 0.1%
- Annual growth negative for first time since 2012
- Prices fell 1.4% month-on-month, after taking account of seasonal factors
- Regional house price growth rates within narrow range of 0%-5% in Q2
House price growth slows sharply as the impact of the pandemic begins to filter through
- Annual house price growth slows to 1.8%
- Prices down 1.7% month-on-month, after taking account of seasonal factors
