Nationwide House Prices – the United Kingdom is an economic indicator for the United Kingdom, which is aimed to reveal an average change in house price across the country. The survey is performed by the United Kingdom’s 2nd largest mortgage provider, the Nationwide Building Society. The nationwide building society is publishing monthly price report since 1993 and quarterly price reports since 1952.
Nationwide House Prices – United Kingdom increase to 3.7% in April 2020, the highest reading since 2017. Still, it is essential to note that impact on coronavirus pandemic is not fully captured in a monthly report because the survey is conducted based on mortgage approval data and there is a gap between mortgage submissions being submitted and approved.
Nationwide House Prices – the United Kingdom reports is released at 6:00 GMT monthly usually at the end of reporting month. Reading higher than expected taken as bullish for GBP while lower is taken as negative/bearish for GBP.