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£257,783
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.
Period Covered |
House Price |
"Real" House Price |
Trend in "Real" House Prices |
|---|---|---|---|
| 2022 Q1 | £260,771 | £260,771 | £280,651 |
| 2021 Q4 | £253,113 | £253,113 | £278,938 | 2021 Q3 | £247,535 | £247,535 | £270,001 | 2021 Q2 | £242,709 | £242,709 | £268,426 |
| 2021 Q1 | £231,644 | £231,644 | £259,903 |
| 2020 Q4 | £229,819 | £230,899 | £258,296 |
| 2020 Q3 | £224,337 | £225,774 | £256,700 |
| 2020 Q2 | £220,130 | £220,604 | £255,113 |
| 2020 Q1 | £217,911 | £220,961 | £253,536 |
| 2019 Q4 | £215,925 | £215,925 | £251,859 |
| 2019 Q3 | £216,805 | £217,154 | £250,277 |
| 2019 Q2 | £215,910 | £217,529 | £248,705 |
| 2019 Q1 | £212,694 | £217,755 | £247,143 |
| 2018 Q4 | £214,178 | £218,890 | £245,591 |
| 2018 Q3 | £216,103 | £222,104 | £244,049 |
| 2018 Q2 | £214,578 | £222,660 | £242,516 |
| 2018 Q1 | £211,792 | £222,224 | £240,993 |
| 2017 Q4 | £211,433 | £222,729 | £239,480 |
| 2017 Q3 | £211,672 | £224,770 | £237,976 |
| 2017 Q2 | £209,971 | £225,182 | £236,481 |
| 2017 Q1 | £206,665 | £224,783 | £234,996 |
| 2016 Q4 | £205,937 | £225,591 | £233,520 |
| 2016 Q3 | £206,346 | £227,408 | £232,054 |
| 2016 Q2 | £204,238 | £226,802 | £230,596 |
| 2016 Q1 | £198,564 | £222,368 | £229,148 |
| 2015 Q4 | £197,044 | £220,665 | £227,709 |
| 2015 Q3 | £195,733 | £219,788 | £226,279 |
| 2015 Q2 | £194,258 | £218,807 | £224,858 |
| 2015 Q1 | £188,566 | £214,135 | £223,446 |
| 2014 Q4 | £189,002 | £213,796 | £222,043 |
| 2014 Q3 | £188,810 | £213,996 | £220,648 |
| 2014 Q2 | £186,544 | £212,171 | £219,262 |
| 2014 Q1 | £178,124 | £204,270 | £217,885 |
| 2013 Q4 | £174,444 | £201,159 | £216,517 |
| 2013 Q3 | £170,918 | £198,349 | £215,157 |
| 2013 Q2 | £167,294 | £195,077 | £213,806 |
| 2013 Q1 | £163,056 | £191,902 | £212,463 |
| 2012 Q4 | £162,924 | £192,838 | £211,129 |
| 2012 Q3 | £163,910 | £196,320 | £209,803 |
| 2012 Q2 | £164,955 | £198,305 | £208,485 |
| 2012 Q1 | £162,722 | £197,744 | £207,176 |
| 2011 Q4 | £164,785 | £201,090 | £205,875 |
| 2011 Q3 | £166,597 | £205,367 | £204,582 |
| 2011 Q2 | £166,764 | £206,710 | £203,297 |
| 2011 Q1 | £162,379 | £204,762 | £202,020 |
| 2010 Q4 | £162,971 | £209,040 | £200,752 |
| 2010 Q3 | £167,354 | £217,052 | £199,491 |
| 2010 Q2 | £168,719 | £219,801 | £198,238 |
| 2010 Q1 | £162,887 | £216,267 | £196,993 |
| 2009 Q4 | £162,116 | £217,626 | £195,756 |
| 2009 Q3 | £160,159 | £217,505 | £194,527 |
| 2009 Q2 | £154,066 | £211,002 | £193,305 |
| 2009 Q1 | £149,709 | £206,688 | £192,091 |
| 2008 Q4 | £156,828 | £211,894 | £190,885 |
| 2008 Q3 | £165,188 | £221,240 | £189,686 |
| 2008 Q2 | £174,514 | £236,010 | £188,494 |
| 2008 Q1 | £179,363 | £247,393 | £187,311 |
| 2007 Q4 | £183,959 | £255,305 | £186,134 |
| 2007 Q3 | £184,131 | £258,875 | £184,965 |
| 2007 Q2 | £181,810 | £256,604 | £183,804 |
| 2007 Q1 | £175,554 | £251,801 | £182,649 |
| 2006 Q4 | £172,065 | £248,757 | £181,502 |
| 2006 Q3 | £168,460 | £246,112 | £180,363 |
| 2006 Q2 | £165,035 | £243,182 | £179,230 |
| 2006 Q1 | £160,319 | £240,369 | £178,104 |
| 2005 Q4 | £157,387 | £236,583 | £176,986 |
| 2005 Q3 | £157,627 | £238,297 | £175,874 |
| 2005 Q2 | £157,494 | £238,964 | £174,770 |
| 2005 Q1 | £152,790 | £234,515 | £173,672 |
| 2004 Q4 | £152,464 | £234,634 | £172,581 |
| 2004 Q3 | £153,482 | £238,468 | £171,498 |
| 2004 Q2 | £148,462 | £232,031 | £170,420 |
| 2004 Q1 | £139,027 | £220,240 | £169,350 |
| 2003 Q4 | £133,903 | £213,167 | £168,287 |
| 2003 Q3 | £129,761 | £207,823 | £167,230 |
| 2003 Q2 | £125,382 | £201,363 | £166,180 |
| 2003 Q1 | £119,938 | £194,878 | £165,136 |
| 2002 Q4 | £115,940 | £189,439 | £164,099 |
| 2002 Q3 | £110,830 | £182,730 | £163,068 |
| 2002 Q2 | £103,501 | £171,228 | £162,044 |
| 2002 Q1 | £95,356 | £159,658 | £161,026 |
| 2001 Q4 | £92,533 | £155,021 | £160,015 |
| 2001 Q3 | £91,049 | £152,359 | £159,010 |
| 2001 Q2 | £87,638 | £146,736 | £158,012 |
| 2001 Q1 | £83,976 | £142,324 | £157,019 |
| 2000 Q4 | £81,628 | £138,183 | £156,033 |
| 2000 Q3 | £80,935 | £137,892 | £155,053 |
| 2000 Q2 | £81,202 | £138,589 | £154,080 |
| 2000 Q1 | £77,698 | £135,063 | £153,112 |
| 1999 Q4 | £74,638 | £130,262 | £152,150 |
| 1999 Q3 | £72,362 | £127,232 | £151,195 |
| 1999 Q2 | £70,010 | £123,195 | £150,245 |
| 1999 Q1 | £67,478 | £119,996 | £149,302 |
| 1998 Q4 | £66,313 | £117,422 | £148,364 |
| 1998 Q3 | £66,366 | £118,043 | £147,432 |
| 1998 Q2 | £65,221 | £116,386 | £146,506 |
| 1998 Q1 | £62,903 | £114,329 | £145,586 |
| 1997 Q4 | £61,830 | £112,730 | £144,672 |
| 1997 Q3 | £60,754 | £111,653 | £143,763 |
| 1997 Q2 | £58,403 | £108,382 | £142,861 |
| 1997 Q1 | £55,810 | £104,890 | £141,963 |
| 1996 Q4 | £55,169 | £104,308 | £141,072 |
| 1996 Q3 | £54,008 | £102,713 | £140,186 |
| 1996 Q2 | £53,032 | £101,055 | £139,305 |
| 1996 Q1 | £51,367 | £99,115 | £138,431 |
| 1995 Q4 | £50,930 | £98,795 | £137,561 |
| 1995 Q3 | £51,334 | £99,712 | £136,697 |
| 1995 Q2 | £51,633 | £100,561 | £135,839 |
| 1995 Q1 | £51,084 | £101,322 | £134,986 |
| 1994 Q4 | £52,114 | £104,287 | £134,138 |
| 1994 Q3 | £51,731 | £104,166 | £133,296 |
| 1994 Q2 | £51,362 | £103,494 | £132,458 |
| 1994 Q1 | £51,327 | £105,244 | £131,627 |
| 1993 Q4 | £51,050 | £104,824 | £130,800 |
| 1993 Q3 | £51,746 | £106,630 | £129,978 |
| 1993 Q2 | £51,918 | £107,288 | £129,162 |
| 1993 Q1 | £50,128 | £105,233 | £128,351 |
| 1992 Q4 | £50,168 | £104,637 | £127,545 |
| 1992 Q3 | £52,243 | £109,435 | £126,744 |
| 1992 Q2 | £52,663 | £110,236 | £125,948 |
| 1992 Q1 | £52,187 | £111,564 | £125,157 |
| 1991 Q4 | £53,635 | £115,253 | £124,371 |
| 1991 Q3 | £54,903 | £119,121 | £123,590 |
| 1991 Q2 | £55,418 | £120,779 | £122,814 |
| 1991 Q1 | £54,547 | £121,425 | £122,042 |
| 1990 Q4 | £54,919 | £122,911 | £121,276 |
| 1990 Q3 | £57,245 | £130,117 | £120,514 |
| 1990 Q2 | £58,982 | £136,300 | £119,757 |
| 1990 Q1 | £59,587 | £144,100 | £119,005 |
| 1989 Q4 | £61,495 | £151,356 | £118,258 |
| 1989 Q3 | £62,782 | £157,586 | £117,515 |
| 1989 Q2 | £62,244 | £157,732 | £116,777 |
| 1989 Q1 | £59,534 | £155,188 | £116,044 |
| 1988 Q4 | £57,245 | £151,665 | £115,315 |
| 1988 Q3 | £54,352 | £146,941 | £114,591 |
| 1988 Q2 | £48,932 | £134,157 | £113,871 |
| 1988 Q1 | £45,091 | £126,606 | £113,156 |
| 1987 Q4 | £44,355 | £125,142 | £112,446 |
| 1987 Q3 | £44,434 | £126,715 | £111,739 |
| 1987 Q2 | £42,987 | £122,830 | £111,038 |
| 1987 Q1 | £40,882 | £118,678 | £110,340 |
| 1986 Q4 | £39,593 | £116,330 | £109,647 |
| 1986 Q3 | £38,251 | £113,764 | £108,959 |
| 1986 Q2 | £37,015 | £110,200 | £108,274 |
| 1986 Q1 | £35,647 | £107,557 | £107,594 |
| 1985 Q4 | £35,436 | £107,703 | £106,919 |
| 1985 Q3 | £34,700 | £105,908 | £106,247 |
| 1985 Q2 | £34,174 | £104,630 | £105,580 |
| 1985 Q1 | £33,200 | £105,075 | £104,917 |
| 1984 Q4 | £32,543 | £104,355 | £104,258 |
| 1984 Q3 | £31,254 | £101,337 | £103,603 |
| 1984 Q2 | £30,833 | £100,870 | £102,953 |
| 1984 Q1 | £29,675 | £99,088 | £102,306 |
| 1983 Q4 | £28,623 | £96,126 | £101,664 |
| 1983 Q3 | £28,175 | £95,726 | £101,025 |
| 1983 Q2 | £27,386 | £94,255 | £100,391 |
| 1983 Q1 | £26,307 | £92,399 | £99,760 |
| 1982 Q4 | £25,580 | £90,279 | £99,134 |
| 1982 Q3 | £24,969 | £88,768 | £98,511 |
| 1982 Q2 | £24,679 | £88,167 | £97,892 |
| 1982 Q1 | £24,177 | £89,107 | £97,278 |
| 1981 Q4 | £23,798 | £89,180 | £96,667 |
| 1981 Q3 | £24,188 | £92,913 | £96,060 |
| 1981 Q2 | £24,098 | £94,056 | £95,456 |
| 1981 Q1 | £23,730 | £97,178 | £94,857 |
| 1980 Q4 | £23,497 | £98,584 | £94,261 |
| 1980 Q3 | £23,628 | £101,025 | £93,669 |
| 1980 Q2 | £23,348 | £101,920 | £93,081 |
| 1980 Q1 | £22,677 | £104,640 | £92,496 |
| 1979 Q4 | £21,966 | £106,244 | £91,915 |
| 1979 Q3 | £20,485 | £101,787 | £91,338 |
| 1979 Q2 | £19,075 | £101,165 | £90,765 |
| 1979 Q1 | £17,793 | £97,936 | £90,195 |
| 1978 Q4 | £16,823 | £95,296 | £89,628 |
| 1978 Q3 | £15,912 | £91,744 | £89,065 |
| 1978 Q2 | £14,491 | £85,066 | £88,506 |
| 1978 Q1 | £13,820 | £83,312 | £87,950 |
| 1977 Q4 | £13,150 | £80,610 | £87,398 |
| 1977 Q3 | £12,970 | £80,694 | £86,849 |
| 1977 Q2 | £12,689 | £80,146 | £86,303 |
| 1977 Q1 | £12,409 | £81,748 | £85,761 |
| 1976 Q4 | £12,209 | £84,642 | £85,223 |
| 1976 Q3 | £11,999 | £86,906 | £84,688 |
| 1976 Q2 | £11,739 | £86,971 | £84,156 |
| 1976 Q1 | £11,519 | £88,493 | £83,627 |
| 1975 Q4 | £11,288 | £90,048 | £83,102 |
| 1975 Q3 | £10,978 | £90,550 | £82,580 |
| 1975 Q2 | £10,728 | £92,419 | £82,061 |
| 1975 Q1 | £10,388 | £97,884 | £81,546 |
