london skyline

United Kingdom Housing September 2020

United Kingdom: House prices continue to increase in September

According to the Nationwide Building Society (NBS), house prices in the United Kingdom rose 0.9% month-on-month in September, down from August’s 2.0% rise. September’s increase was supported by pent-up demand following the easing of Covid-19 measures, and the stamp duty holiday. In addition, Robert Gardner, Nationwide’s chief economist, stated that “behavioural shifts may also be boosting activity as people reassess their housing needs and preferences as a result of life in lockdown”. On an annual basis, house prices were up 5.0% (August: +3.7% year-on-year). The average house price in September was GBP 226,129.

However, the positive picture may not last, given the expected marked weakening of the labor market over the next few months as the furlough scheme ends.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest