UK average house price in cash terms: Nationwide
UK average house price in cash terms: Nationwide stood at £278,783.58 in Q2 2026. It is one of the indicators in the House prices, quarterly and long run table (Value · Quarterly), with a complete series running from Q1 1975 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the House prices, quarterly and long run table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nationwide house prices, quarterly | |||||||||||
| Average house price, cash terms | 278,783.58 | 274,930.37 | 273,076.91 | 272,818.61 | 272,750.68 | 270,867.31 | 268,518.04 | 266,640.15 | 265,012.49 | 260,790.65 | |
| Average house price, in today's money | 278,783.58 | 279,638.7 | 278,776.66 | 278,855.37 | 281,205.95 | 286,002.86 | 285,334.19 | 285,161.04 | 285,255 | 284,766.13 |
Understanding UK average house price in cash terms: Nationwide
Quantifying the average purchase price of residential property across the United Kingdom, this indicator captures unadjusted monetary figures at the exact point mortgage transactions are approved. The series reflects the mix of properties financed by a major mortgage lender, thereby excluding cash purchases and transactions funded entirely through other financial institutions. Unlike sibling metrics that strip away inflation or smooth values into secular paths, this measure records absolute nominal sterling amounts passing through mortgage ledgers.
Interpreting these figures requires caution regarding compositional shifts, since a monthly change in the average figure can reflect a different mix of larger or smaller properties rather than a general market movement. Early estimates are subject to revision as additional mortgage completions clear administrative hurdles. Analysts should evaluate quarterly figures on a year-on-year basis to avoid standard weather-related seasonal fluctuations, while remembering that mortgage approval data inherently excludes the cash-buying segment of the housing market.
Frequently asked questions
- What transactions are captured in this cash terms series?
- The data includes residential properties across the United Kingdom purchased with the assistance of a mortgage approved by the specific lending institution compiling the figures.
- Why might this average fluctuate independently of broader market trends?
- Shifts in the types of properties transacting in a given period can alter the average price without any underlying change in individual property values.
- Does this series account for inflation?
- No, these figures represent unadjusted nominal cash amounts stated in current sterling values without deflation.