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

nationwide uk real inflation adjusted house prices Q1 2022

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