United Kingdom House Price Index (HPI) y/y

Country:
United Kingdom
GBP, Pound sterling
Sector:
Housing
Low 2.1% 1.2%
2.0%
Last release Importance Actual Forecast
Previous
1.6%
2.1%
Next release Actual Forecast
Previous
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House Price Index y/y measures 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 calculation is based on prices paid by individuals for house purchases. The following registrations are excluded from the calculations:

  • Commercial transactions
  • Sales that were not for full market value
  • Refinancing of existing mortgages
  • Sale of a share in a property
  • Transfers by way of a gift, under a Compulsory Purchase order, under a court of order
  • Other transactions not for full market value

The collected dataset containing the property sale price does not take into account physical characteristics of houses (type of property, size, location and market category). Therefore, hedonic regression and mix-adjustment is used in index calculation. Also, the index is seasonally adjusted (since the property market is very sensitive to seasonal changes).

The index characterizes the state of the real estate market. Due to seasonal adjustment, HPI changes show almost pure inflation in the UK property market. The rise in housing prices is a favorable factor for the national economy, as it speaks of an increase in sterling inflation. Therefore, the HPI growth is seen as positive for British pound quotes.

Last values:

actual data

forecast

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.

Date (GMT)
Reference
Actual
Forecast
Previous
Mar 2020
2.1%
1.2%
2.0%
Feb 2020
1.1%
2.2%
1.5%
Jan 2020
1.3%
2.4%
1.7%
Dec 2019
2.2%
1.8%
1.7%
Nov 2019
2.2%
1.2%
1.3%
Oct 2019
0.7%
1.3%
Sep 2019
1.3%
1.5%
1.3%
Aug 2019
1.3%
1.2%
0.8%
Jul 2019
0.7%
1.2%
1.4%
Jun 2019
0.9%
1.3%
0.9%
May 2019
1.2%
1.4%
1.5%
Apr 2019
1.4%
1.0%
1.6%
Mar 2019
1.4%
1.1%
1.0%
Feb 2019
0.6%
2.1%
1.7%
Jan 2019
1.7%
2.6%
2.2%
Dec 2018
2.5%
2.7%
2.7%
Nov 2018
2.8%
3.1%
2.7%
Oct 2018
2.7%
3.3%
3.0%
Sep 2018
3.5%
3.1%
3.1%
Aug 2018
3.2%
2.1%
3.4%
Jul 2018
3.1%
2.2%
3.2%
Jun 2018
3.0%
2.3%
3.5%
May 2018
3.0%
4.0%
3.5%
Apr 2018
3.9%
4.4%
4.2%
Mar 2018
4.2%
5.0%
4.2%
Feb 2018
4.4%
5.5%
4.7%
Jan 2018
4.9%
5.8%
5.0%
Dec 2017
5.2%
5.7%
5.0%
Nov 2017
5.1%
5.6%
5.4%
Oct 2017
4.5%
5.8%
4.8%
Sep 2017
5.4%
5.3%
4.8%
Aug 2017
5.0%
5.0%
4.5%
Jul 2017
5.1%
4.5%
5.1%
Jun 2017
4.9%
4.3%
5.0%
May 2017
4.7%
4.6%
5.3%
Apr 2017
5.6%
4.1%
Mar 2017
4.1%
5.8%
Feb 2017
5.8%
6.2%
Jan 2017
6.2%
7.2%
Dec 2016
7.2%
6.7%
Nov 2016
6.7%
6.9%
Oct 2016
6.9%
7.7%
Sep 2016
7.7%
8.4%
Aug 2016
8.4%
8.3%
Jul 2016
8.3%
8.7%
Jun 2016
8.7%
8.1%
May 2016
8.1%
8.1%
Apr 2016
8.2%
9.0%
Mar 2016
9.0%
7.6%
Feb 2016
7.6%
7.9%

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