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. The buy this amount of ‘retail goods’ today would require c£310,932
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 | £129,779 | £111,691 |
| 1975 Q2 | £10,728 | £122,534 | £112,341 |
| 1975 Q3 | £10,978 | £120,056 | £112,994 |
| 1975 Q4 | £11,288 | £119,390 | £113,651 |
| 1976 Q1 | £11,519 | £117,328 | £114,312 |
| 1976 Q2 | £11,739 | £115,310 | £114,977 |
| 1976 Q3 | £11,999 | £115,225 | £115,646 |
| 1976 Q4 | £12,209 | £112,222 | £116,319 |
| 1977 Q1 | £12,409 | £108,385 | £116,996 |
| 1977 Q2 | £12,689 | £106,261 | £117,676 |
| 1977 Q3 | £12,970 | £106,988 | £118,361 |
| 1977 Q4 | £13,150 | £106,876 | £119,049 |
| 1978 Q1 | £13,820 | £110,459 | £119,742 |
| 1978 Q2 | £14,491 | £112,784 | £120,438 |
| 1978 Q3 | £15,912 | £121,638 | £121,139 |
| 1978 Q4 | £16,823 | £126,348 | £121,843 |
| 1979 Q1 | £17,793 | £129,848 | £122,552 |
| 1979 Q2 | £19,075 | £134,130 | £123,265 |
| 1979 Q3 | £20,485 | £134,954 | £123,982 |
| 1979 Q4 | £21,966 | £140,863 | £124,703 |
| 1980 Q1 | £22,677 | £138,736 | £125,428 |
| 1980 Q2 | £23,348 | £135,130 | £126,158 |
| 1980 Q3 | £23,628 | £133,944 | £126,892 |
| 1980 Q4 | £23,497 | £130,707 | £127,630 |
| 1981 Q1 | £23,730 | £128,844 | £128,372 |
| 1981 Q2 | £24,098 | £124,703 | £129,119 |
| 1981 Q3 | £24,188 | £123,188 | £129,870 |
| 1981 Q4 | £23,798 | £118,239 | £130,626 |
| 1982 Q1 | £24,177 | £118,143 | £131,385 |
| 1982 Q2 | £24,679 | £116,896 | £132,150 |
| 1982 Q3 | £24,969 | £117,693 | £132,918 |
| 1982 Q4 | £25,580 | £119,696 | £133,692 |
| 1983 Q1 | £26,307 | £122,507 | £134,469 |
| 1983 Q2 | £27,386 | £124,967 | £135,251 |
| 1983 Q3 | £28,175 | £126,919 | £136,038 |
| 1983 Q4 | £28,623 | £127,448 | £136,829 |
| 1984 Q1 | £29,675 | £131,375 | £137,625 |
| 1984 Q2 | £30,833 | £133,738 | £138,426 |
| 1984 Q3 | £31,254 | £134,358 | £139,231 |
| 1984 Q4 | £32,543 | £138,359 | £140,041 |
| 1985 Q1 | £33,200 | £139,313 | £140,856 |
| 1985 Q2 | £34,174 | £138,723 | £141,675 |
| 1985 Q3 | £34,700 | £140,417 | £142,499 |
| 1985 Q4 | £35,436 | £142,798 | £143,328 |
| 1986 Q1 | £35,647 | £142,604 | £144,162 |
| 1986 Q2 | £37,015 | £146,109 | £145,000 |
| 1986 Q3 | £38,251 | £150,834 | £145,844 |
| 1986 Q4 | £39,593 | £154,236 | £146,692 |
| 1987 Q1 | £40,882 | £157,349 | £147,545 |
| 1987 Q2 | £42,987 | £162,854 | £148,404 |
| 1987 Q3 | £44,434 | £168,005 | £149,267 |
| 1987 Q4 | £44,355 | £165,920 | £150,135 |
| 1988 Q1 | £45,091 | £167,860 | £151,008 |
| 1988 Q2 | £48,932 | £177,871 | £151,887 |
| 1988 Q3 | £54,352 | £194,821 | £152,770 |
| 1988 Q4 | £57,245 | £201,085 | £153,659 |
| 1989 Q1 | £59,534 | £205,756 | £154,553 |
| 1989 Q2 | £62,244 | £209,128 | £155,452 |
| 1989 Q3 | £62,782 | £208,935 | £156,356 |
| 1989 Q4 | £61,495 | £200,675 | £157,266 |
| 1990 Q1 | £59,587 | £191,055 | £158,180 |
| 1990 Q2 | £58,982 | £180,712 | £159,100 |
| 1990 Q3 | £57,245 | £172,515 | £160,026 |
| 1990 Q4 | £54,919 | £162,961 | £160,957 |
| 1991 Q1 | £54,547 | £160,991 | £161,893 |
| 1991 Q2 | £55,418 | £160,134 | £162,835 |
| 1991 Q3 | £54,903 | £157,936 | £163,782 |
| 1991 Q4 | £53,635 | £152,808 | £164,735 |
| 1992 Q1 | £52,187 | £147,917 | £165,693 |
| 1992 Q2 | £52,663 | £146,156 | £166,657 |
| 1992 Q3 | £52,243 | £145,094 | £167,626 |
| 1992 Q4 | £50,168 | £138,733 | £168,601 |
| 1993 Q1 | £50,128 | £139,522 | £169,582 |
| 1993 Q2 | £51,918 | £142,248 | £170,568 |
| 1993 Q3 | £51,746 | £141,375 | £171,560 |
| 1993 Q4 | £51,050 | £138,981 | £172,558 |
| 1994 Q1 | £51,327 | £139,538 | £173,562 |
| 1994 Q2 | £51,362 | £137,218 | £174,572 |
| 1994 Q3 | £51,731 | £138,108 | £175,587 |
| 1994 Q4 | £52,114 | £138,269 | £176,609 |
| 1995 Q1 | £51,084 | £134,337 | £177,636 |
| 1995 Q2 | £51,633 | £133,328 | £178,669 |
| 1995 Q3 | £51,334 | £132,203 | £179,708 |
| 1995 Q4 | £50,930 | £130,987 | £180,754 |
| 1996 Q1 | £51,367 | £131,411 | £181,805 |
| 1996 Q2 | £53,032 | £133,984 | £182,863 |
| 1996 Q3 | £54,008 | £136,182 | £183,926 |
| 1996 Q4 | £55,169 | £138,297 | £184,996 |
| 1997 Q1 | £55,810 | £139,068 | £186,072 |
| 1997 Q2 | £58,403 | £143,697 | £187,155 |
| 1997 Q3 | £60,754 | £148,035 | £188,243 |
| 1997 Q4 | £61,830 | £149,462 | £189,338 |
| 1998 Q1 | £62,903 | £151,583 | £190,440 |
| 1998 Q2 | £65,221 | £154,310 | £191,547 |
| 1998 Q3 | £66,366 | £156,507 | £192,662 |
| 1998 Q4 | £66,313 | £155,684 | £193,782 |
| 1999 Q1 | £67,478 | £159,096 | £194,910 |
| 1999 Q2 | £70,010 | £163,337 | £196,043 |
| 1999 Q3 | £72,362 | £168,690 | £197,184 |
| 1999 Q4 | £74,638 | £172,708 | £198,331 |
| 2000 Q1 | £77,698 | £179,073 | £199,484 |
| 2000 Q2 | £81,202 | £183,748 | £200,645 |
| 2000 Q3 | £80,935 | £182,824 | £201,812 |
| 2000 Q4 | £81,628 | £183,209 | £202,986 |
| 2001 Q1 | £83,976 | £188,699 | £204,166 |
| 2001 Q2 | £87,638 | £194,549 | £205,354 |
| 2001 Q3 | £91,049 | £202,005 | £206,549 |
| 2001 Q4 | £92,533 | £205,534 | £207,750 |
| 2002 Q1 | £95,356 | £211,683 | £208,958 |
| 2002 Q2 | £103,501 | £227,022 | £210,174 |
| 2002 Q3 | £110,830 | £242,272 | £211,397 |
| 2002 Q4 | £115,940 | £251,167 | £212,626 |
| 2003 Q1 | £119,938 | £258,378 | £213,863 |
| 2003 Q2 | £125,382 | £266,977 | £215,107 |
| 2003 Q3 | £129,761 | £275,541 | £216,358 |
| 2003 Q4 | £133,903 | £282,626 | £217,617 |
| 2004 Q1 | £139,027 | £292,004 | £218,883 |
| 2004 Q2 | £148,462 | £307,638 | £220,156 |
| 2004 Q3 | £153,482 | £316,173 | £221,436 |
| 2004 Q4 | £152,464 | £311,089 | £222,724 |
| 2005 Q1 | £152,790 | £310,932 | £224,020 |
| 2005 Q2 | £157,494 | £316,830 | £225,323 |
| 2005 Q3 | £157,627 | £315,945 | £226,634 |
| 2005 Q4 | £157,387 | £313,673 | £227,952 |
| 2006 Q1 | £160,319 | £318,693 | £229,278 |
| 2006 Q2 | £165,035 | £322,423 | £230,612 |
| 2006 Q3 | £168,460 | £326,307 | £231,953 |
| 2006 Q4 | £172,065 | £329,814 | £233,302 |
| 2007 Q1 | £175,554 | £333,850 | £234,659 |
| 2007 Q2 | £181,810 | £340,217 | £236,024 |
| 2007 Q3 | £184,131 | £343,228 | £237,397 |
| 2007 Q4 | £183,959 | £338,495 | £238,778 |
| 2008 Q1 | £179,363 | £328,006 | £240,167 |
| 2008 Q2 | £174,514 | £312,913 | £241,564 |
| 2008 Q3 | £165,188 | £293,330 | £242,969 |
| 2008 Q4 | £156,828 | £280,939 | £244,383 |
| 2009 Q1 | £149,709 | £274,037 | £245,804 |
| 2009 Q2 | £154,066 | £279,757 | £247,234 |
| 2009 Q3 | £160,159 | £288,378 | £248,672 |
| 2009 Q4 | £162,116 | £288,538 | £250,119 |
| 2010 Q1 | £162,887 | £286,737 | £251,574 |
| 2010 Q2 | £168,719 | £291,423 | £253,037 |
| 2010 Q3 | £167,354 | £287,777 | £254,509 |
| 2010 Q4 | £162,971 | £277,155 | £255,989 |
| 2011 Q1 | £162,379 | £271,483 | £257,478 |
| 2011 Q2 | £166,764 | £274,066 | £258,976 |
| 2011 Q3 | £166,597 | £272,285 | £260,482 |
| 2011 Q4 | £164,785 | £266,614 | £261,998 |
| 2012 Q1 | £162,722 | £262,178 | £263,522 |
| 2012 Q2 | £164,955 | £262,922 | £265,055 |
| 2012 Q3 | £163,910 | £260,290 | £266,596 |
| 2012 Q4 | £162,924 | £255,674 | £268,147 |
| 2013 Q1 | £163,056 | £254,433 | £269,707 |
| 2013 Q2 | £167,294 | £258,642 | £271,276 |
| 2013 Q3 | £170,918 | £262,980 | £272,854 |
| 2013 Q4 | £174,444 | £266,706 | £274,441 |
| 2014 Q1 | £178,124 | £270,831 | £276,037 |
| 2014 Q2 | £186,544 | £281,306 | £277,643 |
| 2014 Q3 | £188,810 | £283,725 | £279,258 |
| 2014 Q4 | £189,002 | £283,461 | £280,882 |
| 2015 Q1 | £188,566 | £283,910 | £282,516 |
| 2015 Q2 | £194,258 | £290,105 | £284,159 |
| 2015 Q3 | £195,733 | £291,405 | £285,812 |
| 2015 Q4 | £197,044 | £292,568 | £287,475 |
| 2016 Q1 | £198,564 | £294,825 | £289,147 |
| 2016 Q2 | £204,238 | £300,705 | £290,829 |
| 2016 Q3 | £206,346 | £301,509 | £292,521 |
| 2016 Q4 | £205,937 | £299,100 | £294,222 |
| 2017 Q1 | £206,665 | £298,028 | £295,934 |
| 2017 Q2 | £209,971 | £298,557 | £297,655 |
| 2017 Q3 | £211,672 | £298,011 | £299,387 |
| 2017 Q4 | £211,433 | £295,305 | £301,128 |
| 2018 Q1 | £211,792 | £294,635 | £302,880 |
| 2018 Q2 | £214,578 | £295,213 | £304,641 |
| 2018 Q3 | £216,103 | £294,476 | £306,414 |
| 2018 Q4 | £214,178 | £290,215 | £308,196 |
| 2019 Q1 | £212,694 | £288,710 | £309,989 |
| 2019 Q2 | £215,910 | £288,410 | £311,792 |
| 2019 Q3 | £216,805 | £287,913 | £313,605 |
| 2019 Q4 | £215,925 | £286,350 | £315,430 |
| 2020 Q1 | £217,911 | £288,389 | £317,264 |
| 2020 Q2 | £220,133 | £290,533 | £319,110 |
| 2020 Q3 | £224,337 | £294,671 | £320,966 |
| 2020 Q4 | £229,819 | £301,359 | £322,833 |
| 2021 Q1 | £231,644 | £302,315 | £324,711 |
| 2021 Q2 | £242,709 | £309,945 | £326,600 |
| 2021 Q3 | £247,535 | £311,066 | £328,500 |
| 2021 Q4 | £253,113 | £310,495 | £330,410 |
| 2022 Q1 | £260,771 | £314,100 | £332,332 |
| 2022 Q2 | £270,452 | £309,627 | £334,265 |
| 2022 Q3 | £273,135 | £305,364 | £336,210 |
| 2022 Q4 | £265,195 | £285,730 | £338,166 |
| 2023 Q1 | £258,115 | £273,747 | £340,133 |
| 2023 Q2 | £261,995 | £269,855 | £342,111 |
| 2023 Q3 | £260,181 | £266,848 | £344,101 |
| 2023 Q4 | £259,157 | £264,672 | £346,103 |
| 2024 Q1 | £260,791 | £264,451 | £348,116 |
| 2024 Q2 | £265,012 | £265,012 | £350,141 |