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

real inflation adjusted house prices q2 2022 nationwide uk hpc logo

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£271,482

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 Prices'Real' House PricesTrend in 'Real' House Prices
1975 Q1£10,388£113,313£95,600
1975 Q2£10,728£106,988£96,185
1975 Q3£10,978£104,824£96,774
1975 Q4£11,288£104,242£97,366
1976 Q1£11,519£102,442£97,962
1976 Q2£11,739£100,680£98,561
1976 Q3£11,999£100,605£99,164
1976 Q4£12,209£97,984£99,771
1977 Q1£12,409£94,633£100,381
1977 Q2£12,689£92,779£100,996
1977 Q3£12,970£93,414£101,614
1977 Q4£13,150£93,316£102,235
1978 Q1£13,820£96,445£102,861
1978 Q2£14,491£98,475£103,490
1978 Q3£15,912£106,205£104,123
1978 Q4£16,823£110,318£104,761
1979 Q1£17,793£113,373£105,402
1979 Q2£19,075£117,112£106,046
1979 Q3£20,485£117,831£106,695
1979 Q4£21,966£122,991£107,348
1980 Q1£22,677£121,134£108,005
1980 Q2£23,348£117,986£108,666
1980 Q3£23,628£116,950£109,331
1980 Q4£23,497£114,123£110,000
1981 Q1£23,730£112,497£110,673
1981 Q2£24,098£108,882£111,350
1981 Q3£24,188£107,559£112,031
1981 Q4£23,798£103,237£112,717
1982 Q1£24,177£103,153£113,406
1982 Q2£24,679£102,065£114,100
1982 Q3£24,969£102,761£114,798
1982 Q4£25,580£104,510£115,501
1983 Q1£26,307£106,964£116,207
1983 Q2£27,386£109,112£116,918
1983 Q3£28,175£110,816£117,634
1983 Q4£28,623£111,278£118,354
1984 Q1£29,675£114,707£119,078
1984 Q2£30,833£116,770£119,806
1984 Q3£31,254£117,311£120,539
1984 Q4£32,543£120,805£121,277
1985 Q1£33,200£121,638£122,019
1985 Q2£34,174£121,123£122,766
1985 Q3£34,700£122,602£123,517
1985 Q4£35,436£124,680£124,273
1986 Q1£35,647£124,511£125,033
1986 Q2£37,015£127,571£125,798
1986 Q3£38,251£131,697£126,568
1986 Q4£39,593£134,668£127,342
1987 Q1£40,882£137,386£128,121
1987 Q2£42,987£142,192£128,905
1987 Q3£44,434£146,689£129,694
1987 Q4£44,355£144,869£130,487
1988 Q1£45,091£146,563£131,286
1988 Q2£48,932£155,304£132,089
1988 Q3£54,352£170,103£132,897
1988 Q4£57,245£175,572£133,710
1989 Q1£59,534£179,650£134,529
1989 Q2£62,244£182,595£135,352
1989 Q3£62,782£182,426£136,180
1989 Q4£61,495£175,215£137,013
1990 Q1£59,587£166,815£137,851
1990 Q2£58,982£157,784£138,695
1990 Q3£57,245£150,627£139,544
1990 Q4£54,919£142,285£140,397
1991 Q1£54,547£140,565£141,256
1991 Q2£55,418£139,817£142,121
1991 Q3£54,903£137,898£142,990
1991 Q4£53,635£133,421£143,865
1992 Q1£52,187£129,150£144,745
1992 Q2£52,663£127,612£145,631
1992 Q3£52,243£126,685£146,522
1992 Q4£50,168£121,131£147,419
1993 Q1£50,128£121,820£148,321
1993 Q2£51,918£124,200£149,228
1993 Q3£51,746£123,438£150,141
1993 Q4£51,050£121,348£151,060
1994 Q1£51,327£121,834£151,984
1994 Q2£51,362£119,808£152,914
1994 Q3£51,731£120,586£153,850
1994 Q4£52,114£120,726£154,791
1995 Q1£51,084£117,293£155,738
1995 Q2£51,633£116,412£156,691
1995 Q3£51,334£115,429£157,650
1995 Q4£50,930£114,368£158,615
1996 Q1£51,367£114,738£159,585
1996 Q2£53,032£116,984£160,561
1996 Q3£54,008£118,904£161,544
1996 Q4£55,169£120,750£162,532
1997 Q1£55,810£121,424£163,527
1997 Q2£58,403£125,466£164,527
1997 Q3£60,754£129,253£165,534
1997 Q4£61,830£130,499£166,547
1998 Q1£62,903£132,351£167,566
1998 Q2£65,221£134,731£168,591
1998 Q3£66,366£136,650£169,623
1998 Q4£66,313£135,932£170,661
1999 Q1£67,478£138,911£171,705
1999 Q2£70,010£142,614£172,755
1999 Q3£72,362£147,287£173,812
1999 Q4£74,638£150,795£174,876
2000 Q1£77,698£156,353£175,946
2000 Q2£81,202£160,435£177,023
2000 Q3£80,935£159,628£178,106
2000 Q4£81,628£159,965£179,195
2001 Q1£83,976£164,758£180,292
2001 Q2£87,638£169,865£181,395
2001 Q3£91,049£176,375£182,505
2001 Q4£92,533£179,457£183,622
2002 Q1£95,356£184,825£184,745
2002 Q2£103,501£198,219£185,875
2002 Q3£110,830£211,534£187,013
2002 Q4£115,940£219,300£188,157
2003 Q1£119,938£225,596£189,308
2003 Q2£125,382£233,104£190,467
2003 Q3£129,761£240,582£191,632
2003 Q4£133,903£246,768£192,805
2004 Q1£139,027£254,956£193,984
2004 Q2£148,462£268,606£195,171
2004 Q3£153,482£276,058£196,365
2004 Q4£152,464£271,619£197,567
2005 Q1£152,790£271,482£198,776
2005 Q2£157,494£276,632£199,992
2005 Q3£157,627£275,859£201,216
2005 Q4£157,387£273,875£202,447
2006 Q1£160,319£278,259£203,685
2006 Q2£165,035£281,515£204,932
2006 Q3£168,460£284,906£206,186
2006 Q4£172,065£287,968£207,447
2007 Q1£175,554£291,493£208,716
2007 Q2£181,810£297,052£209,994
2007 Q3£184,131£299,681£211,278
2007 Q4£183,959£295,548£212,571
2008 Q1£179,363£286,390£213,872
2008 Q2£174,514£273,212£215,180
2008 Q3£165,188£256,114£216,497
2008 Q4£156,828£245,295£217,822
2009 Q1£149,709£239,268£219,154
2009 Q2£154,066£244,262£220,495
2009 Q3£160,159£251,790£221,845
2009 Q4£162,116£251,930£223,202
2010 Q1£162,887£250,358£224,568
2010 Q2£168,719£254,448£225,942
2010 Q3£167,354£251,265£227,324
2010 Q4£162,971£241,990£228,715
2011 Q1£162,379£237,038£230,114
2011 Q2£166,764£239,294£231,522
2011 Q3£166,597£237,739£232,939
2011 Q4£164,785£232,787£234,364
2012 Q1£162,722£228,914£235,798
2012 Q2£164,955£229,564£237,241
2012 Q3£163,910£227,266£238,693
2012 Q4£162,924£223,235£240,153
2013 Q1£163,056£222,152£241,623
2013 Q2£167,294£225,827£243,101
2013 Q3£170,918£229,615£244,588
2013 Q4£174,444£232,867£246,085
2014 Q1£178,124£236,469£247,591
2014 Q2£186,544£245,615£249,106
2014 Q3£188,810£247,728£250,630
2014 Q4£189,002£247,497£252,163
2015 Q1£188,566£247,889£253,706
2015 Q2£194,258£253,298£255,259
2015 Q3£195,733£254,433£256,820
2015 Q4£197,044£255,448£258,392
2016 Q1£198,564£257,419£259,973
2016 Q2£204,238£262,553£261,563
2016 Q3£206,346£263,255£263,164
2016 Q4£205,937£261,151£264,774
2017 Q1£206,665£260,215£266,394
2017 Q2£209,971£260,677£268,024
2017 Q3£211,672£260,201£269,664
2017 Q4£211,433£257,838£271,314
2018 Q1£211,792£257,253£272,974
2018 Q2£214,578£257,758£274,644
2018 Q3£216,103£257,114£276,325
2018 Q4£214,178£253,394£278,016
2019 Q1£212,694£252,080£279,717
2019 Q2£215,910£251,818£281,428
2019 Q3£216,805£251,384£283,150
2019 Q4£215,925£250,019£284,883
2020 Q1£217,911£251,800£286,626
2020 Q2£220,133£253,672£288,379
2020 Q3£224,337£257,284£290,144
2020 Q4£229,819£263,124£291,919
2021 Q1£231,644£263,959£293,705
2021 Q2£242,709£270,620£295,502
2021 Q3£247,535£271,599£297,310
2021 Q4£253,113£271,100£299,130
2022 Q1£260,771£274,249£300,960
2022 Q2£270,452£270,452£302,801