London and the South of England lead price growth

Regional House Price Index

The latest regional report shows that all UK regions saw annual house price rises in Q3 2014. London remains the strongest performing region with prices up 21% year-on-year, whilst the north was the weakest performing region, with prices up 4.3% compared to Q3 2013.

Robert Gardner, Nationwide’s Chief Economist, commented, “The price of a typical UK house rose by 1.5% in the third quarter, after allowing for seasonal effects. Prices were up 10.5% compared with the same quarter of 2013.”

UK Fact File
Average UK House Price £188,810
Annual percentage change 10.5%
Quarterly change* 1.5%
Most expensive region London
Least expensive region N Ireland
Strongest annual price change London
Weakest annual price change North

*Seasonally adjusted figure (Note that monthly % changes are revised when seasonal adjustment factors are re-estimated)

Please note that these figures are for the three months to September, therefore will show a different UK average price and annual price and annual percentage change to our monthly house price report.

Read the full report here