A year and a half since the beginning of the coronavirus (COVID-19) pandemic, price inflation in the United Kingdom reached record high at 10.7 percent as of the second quarter of 2021. The UK housing market has been booming, with house prices soaring and availability at chronic low. According to the forecast, house price inflation is expected to slow down in the coming years and fluctuate between 0.7 and 1.1 percent in 2023.
House price inflation forecast in the United Kingdom (UK) from 1st quarter 2015 to 1st quarter 2027
Characteristic
Inflation
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* Forecasted data. House price inflation is based on survey data from the Royal Institution of Chartered Surveyors and GFK, and mortgage lending data from the Bank of England.
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Office for Budget Responsibility, & Office for Budget Responsibility. (November 27, 2021). House price inflation forecast in the United Kingdom (UK) from 1st quarter 2015 to 1st quarter 2027 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1115553/house-price-inflation-forecast-united-kingdom/
Office for Budget Responsibility, und Office for Budget Responsibility. "House price inflation forecast in the United Kingdom (UK) from 1st quarter 2015 to 1st quarter 2027." Chart. November 27, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1115553/house-price-inflation-forecast-united-kingdom/
Office for Budget Responsibility, Office for Budget Responsibility. (2021). House price inflation forecast in the United Kingdom (UK) from 1st quarter 2015 to 1st quarter 2027. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1115553/house-price-inflation-forecast-united-kingdom/
Office for Budget Responsibility, and Office for Budget Responsibility. "House Price Inflation Forecast in The United Kingdom (Uk) from 1st Quarter 2015 to 1st Quarter 2027." Statista, Statista Inc., 27 Nov 2021, https://www.statista.com/statistics/1115553/house-price-inflation-forecast-united-kingdom/
Office for Budget Responsibility & Office for Budget Responsibility, House price inflation forecast in the United Kingdom (UK) from 1st quarter 2015 to 1st quarter 2027 Statista, https://www.statista.com/statistics/1115553/house-price-inflation-forecast-united-kingdom/ (last visited July 22, 2024)
House price inflation forecast in the United Kingdom (UK) from 1st quarter 2015 to 1st quarter 2027 [Graph], Office for Budget Responsibility, & Office for Budget Responsibility, November 27, 2021. [Online]. Available: https://www.statista.com/statistics/1115553/house-price-inflation-forecast-united-kingdom/