Nationwide Average House Prices Adjusted for Inflation: 'Real House Prices'
Notes:
Nominal House Price is from UK All Properties series – not seasonally adjusted.
House Prices adjusted for retail prices. This uses the Office for National Statistics Retail Price Index (RPI) to convert nominal prices to current prices.
For example, a typical property in 2005 Q1 would, on average, have cost £152,790 at the time. To buy this amount of ‘retail goods’ today would require c£304,458
A smooth trend has been fitted to the real house price series. This trend has been fitted from 1975 Q1 to the latest quarter and is an exponential curve.
| House Price | 'Real' House Price | Trend in 'Real' House Prices | |
|---|---|---|---|
| 1975 Q1 | £10,388 | £127,077 | £108,752 |
| 1975 Q2 | £10,728 | £119,983 | £109,395 |
| 1975 Q3 | £10,978 | £117,556 | £110,043 |
| 1975 Q4 | £11,288 | £116,904 | £110,694 |
| 1976 Q1 | £11,519 | £114,885 | £111,349 |
| 1976 Q2 | £11,739 | £112,909 | £112,008 |
| 1976 Q3 | £11,999 | £112,826 | £112,671 |
| 1976 Q4 | £12,209 | £109,886 | £113,337 |
| 1977 Q1 | £12,409 | £106,128 | £114,008 |
| 1977 Q2 | £12,689 | £104,049 | £114,683 |
| 1977 Q3 | £12,970 | £104,761 | £115,361 |
| 1977 Q4 | £13,150 | £104,651 | £116,044 |
| 1978 Q1 | £13,820 | £108,160 | £116,730 |
| 1978 Q2 | £14,491 | £110,436 | £117,421 |
| 1978 Q3 | £15,912 | £119,105 | £118,116 |
| 1978 Q4 | £16,823 | £123,717 | £118,815 |
| 1979 Q1 | £17,793 | £127,144 | £119,518 |
| 1979 Q2 | £19,075 | £131,337 | £120,225 |
| 1979 Q3 | £20,485 | £132,144 | £120,937 |
| 1979 Q4 | £21,966 | £137,930 | £121,652 |
| 1980 Q1 | £22,677 | £135,848 | £122,372 |
| 1980 Q2 | £23,348 | £132,317 | £123,096 |
| 1980 Q3 | £23,628 | £131,155 | £123,825 |
| 1980 Q4 | £23,497 | £127,986 | £124,558 |
| 1981 Q1 | £23,730 | £126,161 | £125,295 |
| 1981 Q2 | £24,098 | £122,107 | £126,036 |
| 1981 Q3 | £24,188 | £120,623 | £126,782 |
| 1981 Q4 | £23,798 | £115,777 | £127,532 |
| 1982 Q1 | £24,177 | £115,683 | £128,287 |
| 1982 Q2 | £24,679 | £114,462 | £129,046 |
| 1982 Q3 | £24,969 | £115,243 | £129,809 |
| 1982 Q4 | £25,580 | £117,204 | £130,578 |
| 1983 Q1 | £26,307 | £119,956 | £131,350 |
| 1983 Q2 | £27,386 | £122,365 | £132,128 |
| 1983 Q3 | £28,175 | £124,276 | £132,909 |
| 1983 Q4 | £28,623 | £124,795 | £133,696 |
| 1984 Q1 | £29,675 | £128,640 | £134,487 |
| 1984 Q2 | £30,833 | £130,954 | £135,283 |
| 1984 Q3 | £31,254 | £131,560 | £136,083 |
| 1984 Q4 | £32,543 | £135,479 | £136,889 |
| 1985 Q1 | £33,200 | £136,413 | £137,699 |
| 1985 Q2 | £34,174 | £135,835 | £138,513 |
| 1985 Q3 | £34,700 | £137,494 | £139,333 |
| 1985 Q4 | £35,436 | £139,825 | £140,158 |
| 1986 Q1 | £35,647 | £139,635 | £140,987 |
| 1986 Q2 | £37,015 | £143,067 | £141,821 |
| 1986 Q3 | £38,251 | £147,693 | £142,661 |
| 1986 Q4 | £39,593 | £151,025 | £143,505 |
| 1987 Q1 | £40,882 | £154,073 | £144,354 |
| 1987 Q2 | £42,987 | £159,463 | £145,208 |
| 1987 Q3 | £44,434 | £164,507 | £146,067 |
| 1987 Q4 | £44,355 | £162,465 | £146,932 |
| 1988 Q1 | £45,091 | £164,365 | £147,801 |
| 1988 Q2 | £48,932 | £174,168 | £148,676 |
| 1988 Q3 | £54,352 | £190,765 | £149,556 |
| 1988 Q4 | £57,245 | £196,898 | £150,441 |
| 1989 Q1 | £59,534 | £201,472 | £151,331 |
| 1989 Q2 | £62,244 | £204,774 | £152,226 |
| 1989 Q3 | £62,782 | £204,585 | £153,127 |
| 1989 Q4 | £61,495 | £196,497 | £154,033 |
| 1990 Q1 | £59,587 | £187,077 | £154,945 |
| 1990 Q2 | £58,982 | £176,950 | £155,861 |
| 1990 Q3 | £57,245 | £168,923 | £156,784 |
| 1990 Q4 | £54,919 | £159,568 | £157,712 |
| 1991 Q1 | £54,547 | £157,639 | £158,645 |
| 1991 Q2 | £55,418 | £156,800 | £159,584 |
| 1991 Q3 | £54,903 | £154,648 | £160,528 |
| 1991 Q4 | £53,635 | £149,627 | £161,478 |
| 1992 Q1 | £52,187 | £144,838 | £162,433 |
| 1992 Q2 | £52,663 | £143,113 | £163,395 |
| 1992 Q3 | £52,243 | £142,073 | £164,361 |
| 1992 Q4 | £50,168 | £135,844 | £165,334 |
| 1993 Q1 | £50,128 | £136,618 | £166,312 |
| 1993 Q2 | £51,918 | £139,286 | £167,297 |
| 1993 Q3 | £51,746 | £138,432 | £168,286 |
| 1993 Q4 | £51,050 | £136,087 | £169,282 |
| 1994 Q1 | £51,327 | £136,633 | £170,284 |
| 1994 Q2 | £51,362 | £134,361 | £171,292 |
| 1994 Q3 | £51,731 | £135,233 | £172,305 |
| 1994 Q4 | £52,114 | £135,390 | £173,325 |
| 1995 Q1 | £51,084 | £131,540 | £174,351 |
| 1995 Q2 | £51,633 | £130,553 | £175,382 |
| 1995 Q3 | £51,334 | £129,450 | £176,420 |
| 1995 Q4 | £50,930 | £128,260 | £177,464 |
| 1996 Q1 | £51,367 | £128,675 | £178,514 |
| 1996 Q2 | £53,032 | £131,194 | £179,570 |
| 1996 Q3 | £54,008 | £133,347 | £180,633 |
| 1996 Q4 | £55,169 | £135,417 | £181,702 |
| 1997 Q1 | £55,810 | £136,173 | £182,777 |
| 1997 Q2 | £58,403 | £140,706 | £183,859 |
| 1997 Q3 | £60,754 | £144,953 | £184,947 |
| 1997 Q4 | £61,830 | £146,350 | £186,041 |
| 1998 Q1 | £62,903 | £148,427 | £187,142 |
| 1998 Q2 | £65,221 | £151,097 | £188,249 |
| 1998 Q3 | £66,366 | £153,248 | £189,363 |
| 1998 Q4 | £66,313 | £152,443 | £190,484 |
| 1999 Q1 | £67,478 | £155,784 | £191,611 |
| 1999 Q2 | £70,010 | £159,937 | £192,745 |
| 1999 Q3 | £72,362 | £165,177 | £193,885 |
| 1999 Q4 | £74,638 | £169,112 | £195,033 |
| 2000 Q1 | £77,698 | £175,345 | £196,187 |
| 2000 Q2 | £81,202 | £179,922 | £197,348 |
| 2000 Q3 | £80,935 | £179,018 | £198,516 |
| 2000 Q4 | £81,628 | £179,395 | £199,690 |
| 2001 Q1 | £83,976 | £184,771 | £200,872 |
| 2001 Q2 | £87,638 | £190,498 | £202,061 |
| 2001 Q3 | £91,049 | £197,799 | £203,256 |
| 2001 Q4 | £92,533 | £201,255 | £204,459 |
| 2002 Q1 | £95,356 | £207,275 | £205,669 |
| 2002 Q2 | £103,501 | £222,296 | £206,886 |
| 2002 Q3 | £110,830 | £237,228 | £208,110 |
| 2002 Q4 | £115,940 | £245,938 | £209,342 |
| 2003 Q1 | £119,938 | £252,999 | £210,580 |
| 2003 Q2 | £125,382 | £261,418 | £211,827 |
| 2003 Q3 | £129,761 | £269,804 | £213,080 |
| 2003 Q4 | £133,903 | £276,742 | £214,341 |
| 2004 Q1 | £139,027 | £285,925 | £215,609 |
| 2004 Q2 | £148,462 | £301,233 | £216,885 |
| 2004 Q3 | £153,482 | £309,590 | £218,169 |
| 2004 Q4 | £152,464 | £304,612 | £219,460 |
| 2005 Q1 | £152,790 | £304,458 | £220,758 |
| 2005 Q2 | £157,494 | £310,233 | £222,064 |
| 2005 Q3 | £157,627 | £309,367 | £223,379 |
| 2005 Q4 | £157,387 | £307,142 | £224,700 |
| 2006 Q1 | £160,319 | £312,058 | £226,030 |
| 2006 Q2 | £165,035 | £315,710 | £227,368 |
| 2006 Q3 | £168,460 | £319,513 | £228,713 |
| 2006 Q4 | £172,065 | £322,947 | £230,066 |
| 2007 Q1 | £175,554 | £326,899 | £231,428 |
| 2007 Q2 | £181,810 | £333,134 | £232,797 |
| 2007 Q3 | £184,131 | £336,082 | £234,175 |
| 2007 Q4 | £183,959 | £331,447 | £235,560 |
| 2008 Q1 | £179,363 | £321,177 | £236,954 |
| 2008 Q2 | £174,514 | £306,399 | £238,357 |
| 2008 Q3 | £165,188 | £287,223 | £239,767 |
| 2008 Q4 | £156,828 | £275,090 | £241,186 |
| 2009 Q1 | £149,709 | £268,331 | £242,613 |
| 2009 Q2 | £154,066 | £273,932 | £244,049 |
| 2009 Q3 | £160,159 | £282,374 | £245,493 |
| 2009 Q4 | £162,116 | £282,531 | £246,946 |
| 2010 Q1 | £162,887 | £280,768 | £248,407 |
| 2010 Q2 | £168,719 | £285,355 | £249,877 |
| 2010 Q3 | £167,354 | £281,786 | £251,355 |
| 2010 Q4 | £162,971 | £271,384 | £252,843 |
| 2011 Q1 | £162,379 | £265,831 | £254,339 |
| 2011 Q2 | £166,764 | £268,360 | £255,844 |
| 2011 Q3 | £166,597 | £266,616 | £257,358 |
| 2011 Q4 | £164,785 | £261,063 | £258,881 |
| 2012 Q1 | £162,722 | £256,719 | £260,413 |
| 2012 Q2 | £164,955 | £257,448 | £261,954 |
| 2012 Q3 | £163,910 | £254,871 | £263,504 |
| 2012 Q4 | £162,924 | £250,351 | £265,063 |
| 2013 Q1 | £163,056 | £249,135 | £266,632 |
| 2013 Q2 | £167,294 | £253,257 | £268,209 |
| 2013 Q3 | £170,918 | £257,505 | £269,796 |
| 2013 Q4 | £174,444 | £261,153 | £271,393 |
| 2014 Q1 | £178,124 | £265,192 | £272,999 |
| 2014 Q2 | £186,544 | £275,449 | £274,614 |
| 2014 Q3 | £188,810 | £277,818 | £276,239 |
| 2014 Q4 | £189,002 | £277,559 | £277,874 |
| 2015 Q1 | £188,566 | £277,999 | £279,518 |
| 2015 Q2 | £194,258 | £284,065 | £281,172 |
| 2015 Q3 | £195,733 | £285,338 | £282,836 |
| 2015 Q4 | £197,044 | £286,476 | £284,510 |
| 2016 Q1 | £198,564 | £288,687 | £286,193 |
| 2016 Q2 | £204,238 | £294,444 | £287,887 |
| 2016 Q3 | £206,346 | £295,231 | £289,590 |
| 2016 Q4 | £205,937 | £292,872 | £291,304 |
| 2017 Q1 | £206,665 | £291,823 | £293,028 |
| 2017 Q2 | £209,971 | £292,341 | £294,762 |
| 2017 Q3 | £211,672 | £291,806 | £296,506 |
| 2017 Q4 | £211,433 | £289,157 | £298,261 |
| 2018 Q1 | £211,792 | £288,500 | £300,026 |
| 2018 Q2 | £214,578 | £289,066 | £301,801 |
| 2018 Q3 | £216,103 | £288,345 | £303,587 |
| 2018 Q4 | £214,178 | £284,173 | £305,383 |
| 2019 Q1 | £212,694 | £282,699 | £307,190 |
| 2019 Q2 | £215,910 | £282,406 | £309,008 |
| 2019 Q3 | £216,805 | £281,919 | £310,837 |
| 2019 Q4 | £215,925 | £280,388 | £312,676 |
| 2020 Q1 | £217,911 | £282,385 | £314,526 |
| 2020 Q2 | £220,133 | £284,484 | £316,387 |
| 2020 Q3 | £224,337 | £288,536 | £318,260 |
| 2020 Q4 | £229,819 | £295,085 | £320,143 |
| 2021 Q1 | £231,644 | £296,021 | £322,037 |
| 2021 Q2 | £242,709 | £303,492 | £323,943 |
| 2021 Q3 | £247,535 | £304,589 | £325,860 |
| 2021 Q4 | £253,113 | £304,030 | £327,788 |
| 2022 Q1 | £260,771 | £307,560 | £329,728 |
| 2022 Q2 | £270,452 | £303,181 | £331,679 |
| 2022 Q3 | £273,135 | £299,006 | £333,642 |
| 2022 Q4 | £265,195 | £279,781 | £335,616 |
| 2023 Q1 | £258,115 | £268,047 | £337,602 |
| 2023 Q2 | £261,995 | £264,236 | £339,600 |
| 2023 Q3 | £260,181 | £261,292 | £341,609 |
| 2023 Q4 | £259,157 | £259,157 | £343,631 |