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How UK Interest Rates Affect House Prices (Graph & Data)

  • The data starts from 1975 to the current year.
    • House Price data
      • The house price data is collected from Nationwide’s house price index (nationwidehousepriceindex.co.uk).
      • Nationwide builds their house price index from their mortgage lending data (Nationwide is one of UK’s biggest mortgage providers). More information about their methodology (i.e. how they calculate house prices can be found here).
      • The house prices below are not adjusted for inflation.
      • Here is a graph showing just the UK Average House Price Graph (From 1952 – current year)
      • UK Interest Rate data
        • Since the house price data is based on a quarterly period, I used the first adjusted rate for each quarter to determine what the rate was at the time. For example, if the base rate in Q1 1985 was 11%, 10.5%, 11.5% and 11.2%, I used 11%. Where there was no adjustment in a single quarter for a given year, I used the most previous rate.
        • Here is a graph showing just the UK Interest Rate (From 1975 – current year) – this data is more granular than on this page, because it shows every rate adjustment.
YearQuarterAvg. Price (£)Interest Rate (%)
1975Q110,388 10.00
1975Q210,728 10.00
1975Q310,978 11.00
1975Q411,288 11.25
1976Q111,519 10.00
1976Q211,739 10.50
1976Q311,999 13.00
1976Q412,209 14.25
1977Q112,409 10.50
1977Q212,689 8.00
1977Q312,970 6.00
1977Q413,150 5.00
1978Q113,820 6.50
1978Q214,491 10.00
1978Q315,912 10.00
1978Q416,823 12.50
1979Q117,793 13.00
1979Q219,075 12.00
1979Q320,485 12.00
1979Q421,966 17.00
1980Q122,677 17.00
1980Q223,348 17.00
1980Q323,628 16.00
1980Q423,497 14.00
1981Q123,730 12.00
1981Q224,098 12.00
1981Q324,188 12.69
1981Q423,798 14.38
1982Q124,177 13.25
1982Q224,679 12.63
1982Q324,969 10.13
1982Q425,580 10.00
1983Q126,307 10.56
1983Q227,386 10.06
1983Q328,175 9.44
1983Q428,623 9.06
1984Q129,675 8.56
1984Q230,833 8.88
1984Q331,254 10.00
1984Q432,543 10.00
1985Q133,200 11.88
1985Q234,174 12.38
1985Q334,700 11.38
1985Q435,436 11.38
1986Q135,647 11.38
1986Q237,015 10.38
1986Q338,251 10.38
1986Q439,593 10.88
1987Q140,882 10.38
1987Q242,987 8.88
1987Q344,434 9.88
1987Q444,355 8.38
1988Q145,091 8.38
1988Q248,932 7.38
1988Q354,352 10.38
1988Q457,245 12.88
1989Q159,534 12.88
1989Q262,244 13.75
1989Q362,782 13.75
1989Q461,495 14.88
1990Q159,587 14.88
1990Q258,982 14.88
1990Q357,245 14.88
1990Q454,919 13.88
1991Q154,547 12.38
1991Q255,418 11.38
1991Q354,903 10.38
1991Q453,635 10.38
1992Q152,187 10.38
1992Q252,663 9.88
1992Q352,243 8.88
1992Q450,168 6.88
1993Q150,128 5.88
1993Q251,918 5.88
1993Q351,746 5.88
1993Q451,050 5.38
1994Q151,327 5.13
1994Q251,362 5.13
1994Q351,731 5.63
1994Q452,114 6.13
1995Q151,084 6.63
1995Q251,633 6.63
1995Q351,334 6.63
1995Q450,930 6.38
1996Q151,367 5.94
1996Q253,032 5.69
1996Q354,008 5.69
1996Q455,169 5.94
1997Q155,810 5.94
1997Q258,403 6.25
1997Q360,754 6.75
1997Q461,830 7.25
1998Q162,903 7.25
1998Q265,221 7.50
1998Q366,366 7.50
1998Q466,313 6.25
1999Q167,478 5.50
1999Q270,010 5.00
1999Q372,362 5.25
1999Q474,638 5.50
2000Q177,698 5.75
2000Q281,202 5.75
2000Q380,935 5.75
2000Q481,628 5.75
2001Q183,976 5.75
2001Q287,638 5.25
2001Q391,049 4.75
2001Q492,533 4.00
2002Q195,356 4.00
2002Q2103,501 4.00
2002Q3110,830 4.00
2002Q4115,940 4.00
2003Q1119,938 3.75
2003Q2125,382 3.75
2003Q3129,761 3.50
2003Q4133,903 3.75
2004Q1140,225 4.00
2004Q2148,462 4.25
2004Q3153,482 4.75
2004Q4152,464 4.75
2005Q1152,790 4.75
2005Q2157,494 4.75
2005Q3157,627 4.50
2005Q4157,387 4.50
2006Q1160,319 4.50
2006Q2165,035 4.50
2006Q3168,460 4.75
2006Q4172,065 5.00
2007Q1175,554 5.25
2007Q2181,810 5.50
2007Q3184,131 5.75
2007Q4183,959 5.50
2008Q1179,363 5.25
2008Q2174,514 5.00
2008Q3165,188 5.00
2008Q4156,828 2.00
2009Q1149,709 0.50
2009Q2154,066 0.50
2009Q3160,159 0.50
2009Q4162,116 0.50
2010Q1162,887 0.50
2010Q2168,719 0.50
2010Q3167,354 0.50
2010Q4162,971 0.50
2011Q1162,379 0.50
2011Q2166,764 0.50
2011Q3166,597 0.50
2011Q4164,785 0.50
2012Q1162,722 0.50
2012Q2164,955 0.50
2012Q3163,910 0.50
2012Q4162,924 0.50
2013Q1163,056 0.50
2013Q2167,294 0.50
2013Q3170,918 0.50
2013Q4174,444 0.50
2014Q1178,124 0.50
2014Q2186,544 0.50
2014Q3188,810 0.50
2014Q4189,002 0.50
2015Q1188,566 0.50
2015Q2194,258 0.50
2015Q3195,733 0.50
2015Q4197,044 0.50
2016Q1198,564 0.50
2016Q2204,238 0.50
2016Q3206,346 0.25
2016Q4205,937 0.25
2017Q1206,665 0.25
2017Q2209,971 0.25
2017Q3211,672 0.25
2017Q4211,433 0.50
2018Q1211,792 0.50
2018Q2214,578 0.50
2018Q3216,103 0.75
2018Q4214,178 0.75
2019Q1212,694 0.75
2019Q2215,910 0.75
2019Q3216,805 0.75
2019Q4215,925 0.75
2020Q1217,911 0.10
2020Q2220,133 0.10
2020Q3224,337 0.10
2020Q4229,819 0.10
2021Q1231,644 0.10
2021Q2242,709 0.10
2021Q3247,535 0.10
2021Q4253,113 0.25
2022Q1260,771 0.50
2022Q2270,452 1.00
2022Q3273,135 1.75
2022Q4265,195 3.00
2023Q1258,115 4.00

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