Imofolio

United Kingdom · report

Past price cycles in the United Kingdom

Sale prices have fallen by 3% or more 5 times since 1968. The deepest began in September 2007.

Deepest fall
−18.7%
Recovery from the low
65 months

Prices in the United Kingdom, indexed

Average sale prices, both set to 100 in April 1968.

  • United Kingdom
  • 100 = April 1968
Show the numbers
PeriodUnited Kingdom
Aug 20268,246.4
Jul 20268,219.5
Jun 20268,175.5
May 20268,221.7
Apr 20268,183.8
Mar 20268,113.3
Feb 20268,137.2
Jan 20268,118.8
Dec 20258,094.3
Nov 20258,168.9
Oct 20258,149.2
Sep 20258,141.2
Aug 20258,172.0
Jul 20258,119.7
Jun 20258,057.9
May 20257,975.8
Apr 20257,857.5
Mar 20258,094.8
Feb 20257,996.7
Jan 20258,001.7
Dec 20247,973.2
Nov 20247,989.0
Oct 20248,011.2
Sep 20247,996.1
Aug 20248,006.2
Jul 20247,927.5
Jun 20247,840.1
May 20247,809.3
Apr 20247,746.2
Mar 20247,704.1
Feb 20247,690.5
Jan 20247,731.0
Dec 20237,737.1
Nov 20237,803.3
Oct 20237,856.5
Sep 20237,892.4
Aug 20237,931.2
Jul 20237,888.3
Jun 20237,800.5
May 20237,772.0
Apr 20237,746.3
Mar 20237,728.3
Feb 20237,816.0
Jan 20237,881.0
Dec 20227,949.0
Nov 20228,012.7
Oct 20228,024.6
Sep 20228,025.6
Aug 20228,007.4
Jul 20227,940.3
Jun 20227,795.8
May 20227,702.8
Apr 20227,616.0
Mar 20227,527.4
Feb 20227,499.5
Jan 20227,491.1
Dec 20217,405.3
Nov 20217,367.3
Oct 20217,225.5
Sep 20217,410.8
Aug 20217,200.3
Jul 20216,988.4
Jun 20217,332.4
May 20216,962.6
Apr 20216,915.7
Mar 20217,020.9
Feb 20216,918.4
Jan 20216,898.7
Dec 20206,899.6
Nov 20206,846.1
Oct 20206,776.7
Sep 20206,720.4
Aug 20206,649.4
Jul 20206,585.0
Jun 20206,530.0
May 20206,440.9
Apr 20206,407.7
Mar 20206,473.7
Feb 20206,415.9
Jan 20206,452.9
Dec 20196,448.8
Nov 20196,457.3
Oct 20196,480.2
Sep 20196,497.3
Aug 20196,492.6
Jul 20196,471.8
Jun 20196,400.3
May 20196,372.8
Apr 20196,364.2
Mar 20196,318.4
Feb 20196,336.1
Jan 20196,352.1
Dec 20186,391.5
Nov 20186,405.2
Oct 20186,432.7
Sep 20186,439.4
Aug 20186,451.8
Jul 20186,432.0
Jun 20186,353.2
May 20186,310.9
Apr 20186,285.2
Mar 20186,225.7
Feb 20186,263.5
Jan 20186,247.2
Dec 20176,269.0
Nov 20176,244.6
Oct 20176,262.4
Sep 20176,256.9
Aug 20176,280.4
Jul 20176,252.0
Jun 20176,171.8
May 20176,119.5
Apr 20176,083.0
Mar 20175,988.2
Feb 20176,001.1
Jan 20175,988.4
Dec 20165,995.6
Nov 20165,984.8
Oct 20165,956.8
Sep 20165,976.5
Aug 20165,985.7
Jul 20165,985.2
Jun 20165,922.9
May 20165,866.8
Apr 20165,799.2
Mar 20165,777.7
Feb 20165,718.9
Jan 20165,716.3
Dec 20155,701.2
Nov 20155,681.8
Oct 20155,638.4
Sep 20155,630.8
Aug 20155,619.2
Jul 20155,568.3
Jun 20155,475.4
May 20155,433.9
Apr 20155,375.8
Mar 20155,328.9
Feb 20155,309.1
Jan 20155,304.6
Dec 20145,332.6
Nov 20145,319.8
Oct 20145,337.7
Sep 20145,345.6
Aug 20145,339.9
Jul 20145,278.0
Jun 20145,204.8
May 20145,160.3
Apr 20145,106.2
Mar 20144,995.0
Feb 20144,977.9
Jan 20144,957.3
Dec 20134,951.4
Nov 20134,906.4
Oct 20134,879.3
Sep 20134,899.3
Aug 20134,896.1
Jul 20134,857.4
Jun 20134,803.5
May 20134,764.0
Apr 20134,739.0
Mar 20134,693.0
Feb 20134,665.2
Jan 20134,666.1
Dec 20124,697.5
Nov 20124,708.2
Oct 20124,704.3
Sep 20124,737.9
Aug 20124,754.8
Jul 20124,749.2
Jun 20124,731.0
May 20124,685.0
Apr 20124,670.0
Mar 20124,616.9
Feb 20124,603.3
Jan 20124,615.9
Dec 20114,647.5
Nov 20114,667.3
Oct 20114,664.9
Sep 20114,717.0
Aug 20114,728.8
Jul 20114,725.9
Jun 20114,667.2
May 20114,659.3
Apr 20114,680.1
Mar 20114,608.6
Feb 20114,629.9
Jan 20114,654.6
Dec 20104,693.6
Nov 20104,702.2
Oct 20104,758.7
Sep 20104,812.4
Aug 20104,824.8
Jul 20104,825.0
Jun 20104,776.7
May 20104,753.2
Apr 20104,730.4
Mar 20104,670.6
Feb 20104,670.9
Jan 20104,659.3
Dec 20094,676.3
Nov 20094,645.8
Oct 20094,630.2
Sep 20094,599.3
Aug 20094,563.5
Jul 20094,518.9
Jun 20094,439.3
May 20094,396.0
Apr 20094,336.1
Mar 20094,297.1
Feb 20094,324.0
Jan 20094,374.5
Dec 20084,478.0
Nov 20084,547.4
Oct 20084,678.9
Sep 20084,775.8
Aug 20084,899.2
Jul 20085,003.6
Jun 20085,058.8
May 20085,126.6
Apr 20085,095.5
Mar 20085,087.0
Feb 20085,124.3
Jan 20085,168.7
Dec 20075,263.7
Nov 20075,271.9
Oct 20075,274.7
Sep 20075,287.0
Aug 20075,280.2
Jul 20075,249.7
Jun 20075,184.5
May 20075,128.4
Apr 20075,070.3
Mar 20074,969.9
Feb 20074,931.7
Jan 20074,917.7
Dec 20064,919.4
Nov 20064,858.9
Oct 20064,834.0
Sep 20064,805.9
Aug 20064,786.3
Jul 20064,746.5
Jun 20064,679.2
May 20064,635.2
Apr 20064,591.7
Mar 20064,494.1
Feb 20064,457.9
Jan 20064,450.6
Dec 20054,457.3
Nov 20054,433.0
Oct 20054,419.9
Sep 20054,428.7
Aug 20054,435.6
Jul 20054,417.7
Jun 20054,361.5
May 20054,327.2
Apr 20054,281.2
Mar 20054,221.2
Feb 20054,186.8
Jan 20054,190.8
Dec 20044,193.7
Nov 20044,224.6
Oct 20044,230.3
Sep 20044,199.3
Aug 20044,207.8
Jul 20044,159.9
Jun 20044,072.6
May 20044,002.3
Apr 20043,954.4
Mar 20043,782.8
Feb 20043,774.3
Jan 20043,810.9
Dec 20033,788.4
Nov 20033,715.2
Oct 20033,757.4
Sep 20033,692.7
Aug 20033,704.0
Jul 20033,639.2
Jun 20033,577.3
May 20033,568.8
Apr 20033,594.2
Mar 20033,509.8
Feb 20033,436.6
Jan 20033,473.2
Dec 20023,498.5
Nov 20023,385.9
Oct 20023,352.1
Sep 20023,326.8
Aug 20023,248.0
Jul 20023,177.6
Jun 20023,152.3
May 20023,028.5
Apr 20022,952.5
Mar 20022,913.0
Feb 20022,814.6
Jan 20022,716.0
Dec 20012,725.5
Nov 20012,725.5
Oct 20012,725.5
Sep 20012,781.3
Aug 20012,781.3
Jul 20012,781.3
Jun 20012,684.7
May 20012,684.7
Apr 20012,684.7
Mar 20012,591.2
Feb 20012,591.2
Jan 20012,591.2
Dec 20002,604.8
Nov 20002,604.8
Oct 20002,604.8
Sep 20002,529.3
Aug 20002,529.3
Jul 20002,529.3
Jun 20002,482.5
May 20002,482.5
Apr 20002,482.5
Mar 20002,354.3
Feb 20002,354.3
Jan 20002,354.3
Dec 19992,295.4
Nov 19992,295.4
Oct 19992,295.4
Sep 19992,238.1
Aug 19992,238.1
Jul 19992,238.1
Jun 19992,114.3
May 19992,114.3
Apr 19992,114.3
Mar 19992,028.3
Feb 19992,028.3
Jan 19992,028.3
Dec 19982,016.2
Nov 19982,016.2
Oct 19982,016.2
Sep 19982,025.3
Aug 19982,025.3
Jul 19982,025.3
Jun 19981,940.7
May 19981,940.7
Apr 19981,940.7
Mar 19981,842.6
Feb 19981,842.6
Jan 19981,842.6
Dec 19971,797.4
Nov 19971,797.4
Oct 19971,797.4
Sep 19971,811.0
Aug 19971,811.0
Jul 19971,811.0
Jun 19971,723.4
May 19971,723.4
Apr 19971,723.4
Mar 19971,688.7
Feb 19971,688.7
Jan 19971,688.7
Dec 19961,666.1
Nov 19961,666.1
Oct 19961,666.1
Sep 19961,637.4
Aug 19961,637.4
Jul 19961,637.4
Jun 19961,575.5
May 19961,575.5
Apr 19961,575.5
Mar 19961,574.0
Feb 19961,574.0
Jan 19961,574.0
Dec 19951,551.4
Nov 19951,551.4
Oct 19951,551.4
Sep 19951,572.5
Aug 19951,572.5
Jul 19951,572.5
Jun 19951,559.0
May 19951,559.0
Apr 19951,559.0
Mar 19951,542.3
Feb 19951,542.3
Jan 19951,542.3
Dec 19941,555.9
Nov 19941,555.9
Oct 19941,555.9
Sep 19941,566.5
Aug 19941,566.5
Jul 19941,566.5
Jun 19941,540.8
May 19941,540.8
Apr 19941,540.8
Mar 19941,519.7
Feb 19941,519.7
Jan 19941,519.7
Dec 19931,503.1
Nov 19931,503.1
Oct 19931,503.1
Sep 19931,531.8
Aug 19931,531.8
Jul 19931,531.8
Jun 19931,500.1
May 19931,500.1
Apr 19931,500.1
Mar 19931,488.0
Feb 19931,488.0
Jan 19931,488.0
Dec 19921,480.5
Nov 19921,480.5
Oct 19921,480.5
Sep 19921,539.3
Aug 19921,539.3
Jul 19921,539.3
Jun 19921,534.8
May 19921,534.8
Apr 19921,534.8
Mar 19921,572.0
Feb 19921,572.0
Jan 19921,572.0
Dec 19911,597.9
Nov 19911,597.9
Oct 19911,597.9
Sep 19911,612.5
Aug 19911,612.5
Jul 19911,612.5
Jun 19911,581.8
May 19911,581.8
Apr 19911,581.8
Mar 19911,588.2
Feb 19911,588.2
Jan 19911,588.2
Dec 19901,610.9
Nov 19901,610.9
Oct 19901,610.9
Sep 19901,635.2
Aug 19901,635.2
Jul 19901,635.2
Jun 19901,606.0
May 19901,606.0
Apr 19901,606.0
Mar 19901,620.6
Feb 19901,620.6
Jan 19901,620.6
Dec 19891,656.3
Nov 19891,656.3
Oct 19891,656.3
Sep 19891,688.8
Aug 19891,688.8
Jul 19891,688.8
Jun 19891,632.0
May 19891,632.0
Apr 19891,632.0
Mar 19891,575.1
Feb 19891,575.1
Jan 19891,575.1
Dec 19881,542.6
Nov 19881,542.6
Oct 19881,542.6
Sep 19881,453.3
Aug 19881,453.3
Jul 19881,453.3
Jun 19881,282.8
May 19881,282.8
Apr 19881,282.8
Mar 19881,209.8
Feb 19881,209.8
Jan 19881,209.8
Dec 19871,161.0
Nov 19871,161.0
Oct 19871,161.0
Sep 19871,096.1
Aug 19871,096.1
Jul 19871,096.1
Jun 19871,045.3
May 19871,045.3
Apr 19871,045.3
Mar 19871,000.1
Feb 19871,000.1
Jan 19871,000.1
Dec 1986971.8
Nov 1986971.8
Oct 1986971.8
Sep 1986943.6
Aug 1986943.6
Jul 1986943.6
Jun 1986904.0
May 1986904.0
Apr 1986904.0
Mar 1986864.5
Feb 1986864.5
Jan 1986864.5
Dec 1985847.5
Nov 1985847.5
Oct 1985847.5
Sep 1985819.3
Aug 1985819.3
Jul 1985819.3
Jun 1985802.3
May 1985802.3
Apr 1985802.3
Mar 1985774.1
Feb 1985774.1
Jan 1985774.1
Dec 1984774.1
Nov 1984774.1
Oct 1984774.1
Sep 1984762.8
Aug 1984762.8
Jul 1984762.8
Jun 1984734.5
May 1984734.5
Apr 1984734.5
Mar 1984711.9
Feb 1984711.9
Jan 1984711.9
Dec 1983706.3
Nov 1983706.3
Oct 1983706.3
Sep 1983700.6
Aug 1983700.6
Jul 1983700.6
Jun 1983672.4
May 1983672.4
Apr 1983672.4
Mar 1983649.8
Feb 1983649.8
Jan 1983649.8
Dec 1982631.1
Nov 1982631.1
Oct 1982631.1
Sep 1982622.1
Aug 1982622.1
Jul 1982622.1
Jun 1982606.8
May 1982606.8
Apr 1982606.8
Mar 1982581.4
Feb 1982581.4
Jan 1982581.4
Dec 1981596.1
Nov 1981596.1
Oct 1981596.1
Sep 1981607.9
Aug 1981607.9
Jul 1981607.9
Jun 1981598.3
May 1981598.3
Apr 1981598.3
Mar 1981582.5
Feb 1981582.5
Jan 1981582.5
Dec 1980581.4
Nov 1980581.4
Oct 1980581.4
Sep 1980580.3
Aug 1980580.3
Jul 1980580.3
Jun 1980557.7
May 1980557.7
Apr 1980557.7
Mar 1980536.2
Feb 1980536.2
Jan 1980536.2
Dec 1979515.9
Nov 1979515.9
Oct 1979515.9
Sep 1979483.7
Aug 1979483.7
Jul 1979483.7
Jun 1979449.2
May 1979449.2
Apr 1979449.2
Mar 1979417.0
Feb 1979417.0
Jan 1979417.0
Dec 1978396.1
Nov 1978396.1
Oct 1978396.1
Sep 1978370.1
Aug 1978370.1
Jul 1978370.1
Jun 1978345.8
May 1978345.8
Apr 1978345.8
Mar 1978330.0
Feb 1978330.0
Jan 1978330.0
Dec 1977322.6
Nov 1977322.6
Oct 1977322.6
Sep 1977313.0
Aug 1977313.0
Jul 1977313.0
Jun 1977304.0
May 1977304.0
Apr 1977304.0
Mar 1977299.5
Feb 1977299.5
Jan 1977299.5
Dec 1976297.2
Nov 1976297.2
Oct 1976297.2
Sep 1976292.7
Aug 1976292.7
Jul 1976292.7
Jun 1976285.9
May 1976285.9
Apr 1976285.9
Mar 1976278.6
Feb 1976278.6
Jan 1976278.6
Dec 1975272.9
Nov 1975272.9
Oct 1975272.9
Sep 1975270.1
Aug 1975270.1
Jul 1975270.1
Jun 1975262.2
May 1975262.2
Apr 1975262.2
Mar 1975255.4
Feb 1975255.4
Jan 1975255.4
Dec 1974254.2
Nov 1974254.2
Oct 1974254.2
Sep 1974250.9
Aug 1974250.9
Jul 1974250.9
Jun 1974248.6
May 1974248.6
Apr 1974248.6
Mar 1974248.1
Feb 1974248.1
Jan 1974248.1
Dec 1973244.6
Nov 1973244.6
Oct 1973244.6
Sep 1973241.8
Aug 1973241.8
Jul 1973241.8
Jun 1973226.6
May 1973226.6
Apr 1973226.6
Mar 1973215.8
Feb 1973215.8
Jan 1973215.8
Dec 1972193.8
Nov 1972193.8
Oct 1972193.8
Sep 1972180.8
Aug 1972180.8
Jul 1972180.8
Jun 1972157.1
May 1972157.1
Apr 1972157.1
Mar 1972143.5
Feb 1972143.5
Jan 1972143.5
Dec 1971135.0
Nov 1971135.0
Oct 1971135.0
Sep 1971129.4
Aug 1971129.4
Jul 1971129.4
Jun 1971122.0
May 1971122.0
Apr 1971122.0
Mar 1971118.7
Feb 1971118.7
Jan 1971118.7
Dec 1970115.8
Nov 1970115.8
Oct 1970115.8
Sep 1970115.8
Aug 1970115.8
Jul 1970115.8
Jun 1970110.8
May 1970110.8
Apr 1970110.8
Mar 1970109.1
Feb 1970109.1
Jan 1970109.1
Dec 1969108.5
Nov 1969108.5
Oct 1969108.5
Sep 1969107.3
Aug 1969107.3
Jul 1969107.3
Jun 1969106.2
May 1969106.2
Apr 1969106.2
Mar 1969104.5
Feb 1969104.5
Jan 1969104.5
Dec 1968102.8
Nov 1968102.8
Oct 1968102.8
Sep 1968103.4
Aug 1968103.4
Jul 1968103.4
Jun 1968100.0
May 1968100.0
Apr 1968100.0

Every fall of 3% or more

From the peak to the lowest month after it, and how long prices took to get back.

PeakLowFallMonths fallingMonths to recover
September 1981January 1982−4.4%46
September 1989October 1992−12.3%3754
September 2007March 2009−18.7%1865
June 2021July 2021−4.7%12
September 2022February 2024−4.2%1713

The UK House Price Index goes back to 1968 for the UK, its nations and England's regions, to 1995 for councils in England and Wales, to 2004 in Scotland and to 2005 in Northern Ireland, where it is quarterly. A fall counts once prices drop 3% below a peak, and ends when they are back at it.

Other reports for the United Kingdom

Sale prices have an 80% chance of landing between £266,699 and £293,608 by August 2027.

Expected, August 2027
£280,154
Chance of a rise
75%

At the average sale price, a home costs £273,037. With 10% down and a 30-year mortgage, the payment is £1,260 a month. The UK sets no cap on the payment; no more than 15% of new mortgages may lend over 4.5 times income.

Payment, two incomes
19%
Payment, one income
39%

Owning the average home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average of all private tenancies. Repaying the loan is saving, so it is left out.

Rent per month
£1,406
Owning per month
£1,286

9.2% fewer homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
160,909
Per 1,000 residents
2.3

Buyers living abroad bought 1.8% of the homes sold here in the four quarters to Q1 2025.

Bought by buyers abroad, 12 months
1.8%

In 2025 the population grew by 227,826 while 168,756 homes were finished: 1.4 new residents for every new home.

New residents per new home, 2025
1.4
Population change, 2025
+227,826