UK nominal house price annual change (BIS)
UK nominal house price annual change (BIS) stood at 2.87% in Q2 2026, according to Bank for International Settlements (BIS). It is one of the indicators in the House prices, quarterly and long run table (Value · Quarterly), with a complete series running from Q2 1969 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| House prices in nominal and real terms since 1968 (BIS) | |||||||||||
| Nominal house prices, year on year | 2.87 | 1.18 | 1.97 | 2.08 | 2.02 | 4.19 | 2.42 | 0.9 | 0.41 | -1.31 | |
| Real house prices, year on year | 0.1 | -1.88 | -1.36 | -1.66 | -1.42 | 1.36 | -0.05 | -1.13 | -1.67 | -4.69 |
Understanding UK nominal house price annual change (BIS)
Calculating the twelve-month percentage change in nominal residential property values across the United Kingdom, this metric contrasts the current quarter's index level with the corresponding quarter of the previous year. By focusing on annual rates of change, the series neutralises intra-year seasonal patterns that typically distort short-term quarterly comparisons. This measure differs from real annual change figures by retaining the full effect of broader economic inflation within the calculated growth rate.
Interpreting these annual figures requires acknowledging that they represent lagging momentum, reflecting market conditions that began evolving many months prior. Analysts must avoid treating a rising annual growth rate as evidence of accelerating prices if the base period from a year earlier was artificially depressed. When comparing this metric with monthly or quarterly series, users should remember that twelve-month smoothing mutes turning points in the housing cycle.
Frequently asked questions
- Why use a year-on-year comparison instead of quarter-on-quarter for this series?
- Annual comparisons eliminate regular seasonal distortions that occur predictably at certain times of the year.
- Does this percentage change reflect inflation?
- Yes, because it is based on nominal index values, general economic inflation is included in the growth rate.
- What is the main limitation of looking only at annual changes?
- Twelve-month figures lag behind current market turning points due to their retrospective nature.