UK real house price index (BIS)
UK real house price index (BIS) stood at 108.54 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 1968 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) | |||||||||||
| Real house price index (2010 = 100) | 108.54 | 109.34 | 109.97 | 110.34 | 108.43 | 111.43 | 111.49 | 112.21 | 109.99 | 109.94 | |
| 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 |
Understanding UK real house price index (BIS)
Measuring the constant-quality price movement of residential property across the United Kingdom after removing the influence of broader consumer price inflation, this index scales historical valuations against a fixed baseline. By deflating nominal property valuations, the series provides a consistent gauge of how housing assets have appreciated relative to general goods and services. This formulation contrasts with its nominal counterpart by isolating true purchasing power changes from currency devaluation.
Reading this indicator demands careful distinction between nominal market growth and genuine asset appreciation, particularly during periods of high general inflation. Analysts should apply year-on-year growth calculations with caution to ensure the deflator used aligns correctly with the timing of property transactions. Comparing this index with wage or disposable income metrics offers a more reliable assessment of housing affordability than looking at nominal price indexes alone.
Frequently asked questions
- Why is this index described as real rather than nominal?
- It adjusts nominal property values using a consumer price deflator to reflect constant purchasing power.
- What is the benchmark value for the base period?
- The index level is set to one hundred during the designated reference year.
- Can this series be used directly to calculate mortgage debt burdens?
- It tracks price changes rather than outstanding debt levels, so it should be combined with interest rate and income data for debt analysis.