Nationwide Average House Prices Adjusted for Inflation: 'Real House Prices'

real inflation adjusted house prices Q2 2024 nationwide uk

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