🇬🇧 UK · Housing · MacroRead
United Kingdom.
Where the housing market sits.
UK housing market sentiment computed from Nationwide HPI momentum, Halifax HPI cross-check, mortgage payment-to-income affordability, Rightmove asking-price leading indicator, and listed UK homebuilder stocks.
Updated 5m ago
Latest data: 2026-04-01
HM Land Registry UK HPI · BoE · ONS ASHE
Regime quadrant · Where every market sits
United Kingdom
triangle = country aggregate
· tap or hover a dot for details
What this shows.
Every tracked market currently sits in
Bubble watch or Expensive stagnation.
No market right now is in
Recovery or Buyer's market.
When markets do migrate into those quadrants, it signals a real
regime shift worth tracking.
Each market is positioned by its affordability score (left = least affordable) and momentum score (top = running hot). The four quadrants name the regime each combination describes. Triangles are country aggregates; circles are individual cities.
National gauges
Affordability
2
Extreme — bottom decile
0 · Most expensive100 · Most affordable
- Price-to-income
- Median home price divided by median household income, normalized against ten-year national history.
- Mortgage payment burden
- 39.8%Monthly mortgage on the median home at current rates as a share of median household income.
- Price-to-rent
- Median home price divided by annual rent on a comparable property — cross-checks the rental-equivalent affordability.
Momentum
16
Extreme — bottom decile
0 · Cooling/declining100 · Running hot
- Year-over-year price growth
- Nationwide House Price Index year-over-year percentage change.
- Inventory tightness
- Months of supply at current sales pace — a low number means tight inventory.
- Days on market
- —Median days a listing stays active before going under contract.
- Sale-to-list ratio
- Average ratio of final sale price to original asking price.
Regime · What the gauges say together
Expensive stagnation
Unaffordable and prices not rising in real terms.
Unaffordable, but no longer rising.
Context
| Real price growth (3-mo annualized) | -2.81% |
| Headline mortgage rate | 5.75% |
| CPI year-over-year | 2.97% |
| Leading equity indicators (homebuilders/REITs) | -12.8% avg vs 200-day MA · breadth 0/4 |
Cities