House Price Index y/y shows changes in the average value of residential properties in the given month compared to the same month of the previous year.
Information on residential property transactions is collected from state land registries and statistics from the largest UK mortgage lenders.
The index characterizes the state of the real estate market.
The chart of the entire available history of the "United Kingdom House Price Index (HPI) y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.