Recent UK house market price and activity data lends weight to the view that the housing market may have bottomed out. In this post, we analyze the various data points and present our latest thinking.

The three main price indices in the UK housing market space are the Nationwide, Halifax and the Land Registry price data. We summarize the methodological differences amongst the various price series in the box below. Overall, there appears to be some support to the assertion that the UK property market is indeed recovering.