Indicator Showing Monthly Changes in UK House Prices
United Kingdom| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The Nationwide House Price Index is an indicator used to measure the monthly changes in house prices in the UK. This index is published by the Nationwide Building Society and is widely used to understand trends in the housing market. The index is calculated based on house price data from across the country and shows changes on a month-to-month basis.
Changes in house prices have a significant impact on the overall economy, making this index an important information source for investors and policymakers. An increase in house prices can boost consumer wealth and potentially encourage consumer spending. Conversely, a decrease in house prices can deteriorate consumers' financial situations and possibly restrain consumer spending.
The Nationwide House Price Index is released at the end of each month and is used as a reference to predict the current state and future trends of the economy. Additionally, it is crucial for monitoring the health of the housing market and potential signs of a bubble. Particularly, if the index shows unexpected movements, it can influence financial markets and mortgage interest rates.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
