The UK Nationwide House Price Index rose by 3.4% year-on-year in April 2025, following a 3.9% increase in March, falling short of market expectations for a 4.1% rise. This marks the softest house price growth since October last year. On a month-to-month basis, house prices declined by 0.6%, the first drop since last August, compared to March’s and forecasts of a flat reading. Robert Gardner, Nationwide's Chief Economist, noted that the slowdown in house price growth was anticipated due to the stamp duty changes introduced at the start of the month. The housing market is also projected to remain subdued over the coming months, reflecting the typical trend observed after stamp duty holidays end. However, activity is expected to gradually recover as summer progresses, supported by favorable conditions for prospective homebuyers, despite ongoing global economic uncertainties. source: Nationwide Building Society, United Kingdom

Nationwide Housing Prices YoY in the United Kingdom decreased to 3.40 percent in April from 3.90 percent in March of 2025. Nationwide Housing Prices YoY in the United Kingdom averaged 5.18 percent from 1992 until 2025, reaching an all time high of 26.50 percent in January of 2003 and a record low of -17.60 percent in February of 2009. This page includes a chart with historical data for the United Kingdom Nationwide Housing Prices YoY. United Kingdom Nationwide Housing Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on May of 2025.

Nationwide Housing Prices YoY in the United Kingdom decreased to 3.40 percent in April from 3.90 percent in March of 2025. Nationwide Housing Prices YoY in the United Kingdom is expected to be 4.20 percent 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 YoY is projected to trend around 2.70 percent in 2026 and 2.20 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-04-01 06:00 AM
Nationwide Housing Prices YoY
Mar 3.9% 3.9% 3.8%
2025-04-30 06:00 AM
Nationwide Housing Prices YoY
Apr 3.4% 3.9% 4.1% 4.0%
2025-05-30 06:00 AM
Nationwide Housing Prices YoY
May 3.4% 3.9%


Related Last Previous Unit Reference
Average House Prices 297781.00 296899.00 GBP Apr 2025
Construction Orders YoY 10.50 -0.20 percent Mar 2025
Construction Output YoY 1.40 1.40 percent Mar 2025
Mortgage Lending 12960.00 3300.00 GBP Million Mar 2025
Home Ownership Rate 64.50 64.70 percent Dec 2023
Halifax House Price Index MoM 0.30 -0.50 percent Apr 2025
Halifax House Price Index YoY 3.20 2.90 percent Apr 2025
Housing Index 513.50 512.00 points Apr 2025
Housing Starts 30860.00 28820.00 units Dec 2024
Mortgage Approvals 64.31 65.09 Thousand Mar 2025
BBA Mortgage Rate 7.21 7.23 percent Apr 2025
Nationwide Housing Prices 539.30 542.40 points Apr 2025
Nationwide Housing Prices MoM -0.60 0.00 percent Apr 2025
Nationwide Housing Prices YoY 3.40 3.90 percent Apr 2025
Price to Rent Ratio 113.62 114.08 Dec 2024
Private Rental Prices 7.70 8.10 percent Mar 2025
Residential Property Prices 3.84 1.89 Percent Dec 2024
RICS House Price Balance -3.00 2.00 percent Apr 2025

United Kingdom Nationwide Housing Prices YoY
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
3.40 3.90 26.50 -17.60 1992 - 2025 percent Monthly
NSA


News Stream
UK House Price Growth Misses Expectations
The UK Nationwide House Price Index rose by 3.4% year-on-year in April 2025, following a 3.9% increase in March, falling short of market expectations for a 4.1% rise. This marks the softest house price growth since October last year. On a month-to-month basis, house prices declined by 0.6%, the first drop since last August, compared to March’s and forecasts of a flat reading. Robert Gardner, Nationwide's Chief Economist, noted that the slowdown in house price growth was anticipated due to the stamp duty changes introduced at the start of the month. The housing market is also projected to remain subdued over the coming months, reflecting the typical trend observed after stamp duty holidays end. However, activity is expected to gradually recover as summer progresses, supported by favorable conditions for prospective homebuyers, despite ongoing global economic uncertainties.
2025-04-30
UK House Price Growth Steady at 3.9%
The Nationwide House Price Index in the UK rose 3.9% year-on-year in March 2025, matching the pace of February. Compared to the previous month, house prices stalled after a 0.4% increase in February, below forecasts of a 0.2% rise. Robert Gardner, Nationwide's Chief Economist, suggested the market may remain soft in the coming months due to activity being brought forward to avoid extra tax obligations, a pattern seen after stamp duty holidays. However, activity is expected to improve steadily as summer progresses, supported by favorable conditions for UK homebuyers, including low unemployment, rising real wages, strong household finances, and a potential moderation in borrowing costs if the Bank Rate is lowered. On a quarterly basis, house prices rose 3.9% from the previous year, with Northern Ireland leading with a 13.5% annual growth, more than double the next highest in Q1 and the region's strongest since 2021. Scotland saw a 3.9% rise, while Wales followed at 3.6%.
2025-04-01
UK House Prices Rise 3.9% YoY in February
The Nationwide House Price Index in the UK rose 3.9% year-on-year in February 2025, compared to 4.1% in January, and well above forecasts of 3.3%. On a monthly basis, house prices grew 0.4%, up from 0.1% in the previous period and more than forecasts of 0.2% growth. “Housing market activity has also remained resilient in recent months, despite ongoing affordability challenges. Indeed, the second half of 2024 saw a noticeable pick up in total housing transactions, which were up 14% compared with the same period in 2023. Looking ahead, the changes to stamp duty at the start of April are likely to generate volatility in transactions in the near term, as buyers bring forward their purchases to avoid the additional tax. This will likely lead to a jump in transactions in March, and a corresponding period of weakness in the following months, as occurred in the wake of previous stamp duty changes", Robert Gardner, Nationwide's Chief Economist, said.
2025-02-28