Reports
Annual house price growth slows in September, but remains in double digits
- Annual house price growth eased back to 10.0%, from 11.0% in August.
- Prices little changed month-on-month, after taking account of seasonal factors
- Wales and Northern Ireland the strongest performing regions in Q3, London the weakest
- Cost of typical mortgage as share of take home pay above long run average in 10 of 13 UK regions, up from 1 pre-pandemic (see p2)
August upturn as UK house price growth increases to 11%
- Annual house price growth rose to 11.0% from 10.5% in July
- Prices up 2.1% month-on-month, the second largest gain in 15 years
- Average house price nudges towards £250k mark
Energy efficiency ratings currently having limited impact on house prices despite push to go green
- 1.7% house price premium for an owner occupier property rated A or B compared to a D-rated home
- Properties rated F or G attract a 3.5% discount compared to a similar D-rated property
Annual house price growth cooled in July, but remained in double digits
- Annual house price growth remained in double digits, but fell back to 10.5%
- Prices down 0.5% month-on-month
- Stamp duty changes impacting market dynamics
Annual house price growth accelerates above 13% in June, with all UK regions recording a pickup in Q2
- Annual house price growth rises to 13.4%, the highest level since November 2004
- Prices up 0.7% month-on-month, after taking account of seasonal factors
- Northern Ireland sees strongest growth in Q2, Scotland the weakest, closely followed by London
London sees biggest house price premium as households still attach significant value to transport links despite the pandemic
- £46,800 premium in London for property 500m from nearest station, compared with a similar property 1,500m (1.5km) away
- Slight increase in London premium to 9.7% from 8.6% in 2019/20
- £11,400 in Glasgow and £11,000 premium in Greater Manchester on comparable basis
- Glasgow sees biggest increase in premium (7.2% up from 3.5% in 2019/20)
- Manchester premium falls to 6.1% (from 9.0% in 2019/20)
Annual house price growth hits double digits in May
- Annual house price growth rises to 10.9%, the highest level in nearly seven years
- Prices up 1.8% month-on-month, following a 2.3% rise in April
- New record average price of £242,832, up £23,930 over the past twelve months
House price growth springs back in April
- Annual house price growth rebounded to 7.1% in April, from 5.7% in March
- Prices up 2.1% month-on-month, the biggest monthly rise since February 2004
- Annual growth will reach double digits in June if prices are flat over next two months
- New record high average price of £238,831, up £15,916 over the past 12 months
UK annual house price growth slows in March as North West sees strongest growth in first quarter of 2021
- Prices down 0.2% month-on-month, after taking account of seasonal factors
- Policy support likely to boost housing market over the next six months, longer-term outlook remains highly uncertain
- London sees the weakest growth in all of the UK in Q1
Annual house price growth rebounds in February
- Annual house price growth rebounded to 6.9% from 6.4% in January
- Prices up 0.7% month-on-month, more than erasing the small decline seen in January
- Average price of £231,061 highest on record
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