National HPI
House prices relatively stable in June but annual growth remains in negative territory
- House prices remain broadly flat over the month, but down 3.5% compared with June 22
- All regions except Northern Ireland recorded annual price falls in Q2
- East Anglia was the weakest performing region with prices down 4.7% year-on-year
Annual house price growth slips back in May
- May saw a 0.1% month-on-month fall in house prices
- Annual rate of house price growth slipped back to -3.4%, from -2.7% in April
House price growth shows signs of stabilisation in April
- April saw a 0.5% rise in house prices after seven consecutive falls
- Annual rate of house price growth improves to -2.7% from -3.1% in March
House prices record seventh consecutive monthly decline in March
- House prices down 3.1% year-on-year in March – the largest annual decline since July 2009
- All regions saw a slowing in price growth in Q1, with most seeing small year-on-year falls
- West Midlands was the strongest performing region, while Scotland remained the weakest
Annual house price growth turns negative in February, falling to its weakest level since 2012
- House prices down 1.1% year-on-year in February - the first annual decline since June 2020 and the weakest since November 2012
- February sees 0.5% month-on-month fall, with prices 3.7% lower than the August 2022 peak
2023 begins with further slowing in annual house price growth
- Annual house price growth slowed to 1.1%, from 2.8% in December
- January sees a further monthly decline, with prices now 3.2% below August’s peak
Annual house price growth continued to slow sharply as 2022 drew to a close
- Fourth consecutive monthly decline drives annual house price growth down to 2.8% in December
- All regions record a slowdown in annual price growth in the final quarter of the year
- East Anglia the strongest performing region in 2022, while Scotland was weakest
- Gap between weakest and strongest regions smallest since Society’s regional indices began in 1974
- Since Q1 2020, price growth in detached properties was around double that of flats
Nationwide House Price Review and Forecast: A relatively soft landing is still achievable
- Housing market remained remarkably resilient with annual house price growth in double digits before the mini-Budget
- Hard for the market to regain momentum with economic headwinds set to strengthen
- Relatively soft landing may still be achievable in 2023, with activity stabilising modestly below pre-pandemic levels and house prices edging lower, perhaps by around 5%
Annual house price growth slows sharply in November
- Annual UK house price growth slowed to 4.4% in November, from 7.2% in October
- Prices fall 1.4% month-on-month – biggest fall since June 2020 – following 0.9% drop in October
Sharp slowdown in annual house price growth in October
- Annual UK house price growth slowed to 7.2% in October, from 9.5% in September
- Prices fall 0.9% month-on-month – the first monthly decline since July 2021
Annual house price growth slows to single digits in September
- Modest slowing in annual UK house price growth to 9.5% in September, from 10% in August
- 10 of the UK’s 13 regions recorded slower annual price growth in the third quarter of the year
- South West was the strongest performing region once again, while London remained weakest
Annual house price growth slows but remains in double digits
- Annual UK house price growth slowed to 10.0% in August, from 11.0% in July
- Prices up 0.8% month-on-month after taking account of seasonal effects
- Average house price rises by almost £50,000 in two years
