September 2018: UK House Price Index By Nationwide

The latest House Price Index from Nationwide suggests that Brexit is looming nearer but the housing market in the Midlands and North of England is showing resilience with Yorkshire and Humberside led by Leeds, Sheffield and Hull being the top region for growth, the first time since 2005.

Conversely it is now five quarters in a row that prices in London have fallen.

Overall findings:

  • UK annual house price growth steady at 2%
  • Prices up 0.3% during the month, after taking account of seasonal factors
  • North was the weakest performing region in Q3, with prices down 1.7% year on year

“Overall, UK house price growth remained broadly stable, but regional house price developments were more varied. For the fifth quarter in a row London prices fell in annual terms, though the decline remained modest at just -0.7%. Indeed, prices in the capital are only c3% below the all time.

Yorkshire and Humberside was the strongest performing region in England, and also the UK, with prices up 5.8% year on year. The East Midlands continued to see relatively strong growth, with prices up 4.8% year-on-year.” – Robert Gardner, Nationwide’s Chief Economist

nationwide price index