House Price Index Jun 2026
Political uncertainty and higher borrowing costs, driven by the conflict in the Middle East, weakened market activity and buyer demand in May and June, with agreed sales down 7% and buyer demand falling 15%. While fewer sellers brought new homes to market, supply remains healthy and buyers continue to be price-sensitive. The appointment of a new Prime Minister and uncertainty ahead of the Autumn Budget have added to market caution, with mortgage rates needing to stabilise below 4.5% to improve affordability and support a recovery in buyer confidence.
What’s happening nationally
House prices are up on average +0.2% over the past month and +1.8% over the past year.
House prices across the indices are up on average +0.2% this month. Land Registry reporting May figures +0.3%, Lloyds (formerly Halifax) +0.2% in June, Nationwide 0% in June and Rightmove -0.2% fall in asking prices in June. Rightmove isn’t included in our average change as they report on asking prices not sold prices.
Annual house price growth is up 1.8%, down from 2.2% last month. The indices report the following shifts in annual house price growth this month vs last: Land Registry (2.7% vs 3.8%), Nationwide (no change at 2.2%), Halifax (0.6% vs 0.5%) and Rightmove reporting asking prices (-1% vs -0.3%).
Indices based on:
Land Registry – registered property transactions in May.
Nationwide & Lloyds (formerly Halifax) – mortgage valuations in June.
Rightmove – asking prices posted on Rightmove in June.
*Rightmove is not included in the index average as the basis for its index is different (asking price vs agreed sale price)
| Index reports: | Monthly change | Annual change |
|---|---|---|
| Land registry | +0.3% | +2.7% |
| Nationwide | +0% | +2.2% |
| Lloyds (formerly Halifax) | +0.2% | +0.6% |
| Rightmove | -0.6% | -1.0% |
| Average change | +0.2% | +1.8% |
House prices in your area
Regional house prices
Annual house price growth is highest in Northern Ireland (7.4% Q1 data) and lowest in England (2.3%). Annual house price growth in Scotland is +4.4% and in Wales 4.2%.
Annual house prices are up in most regions in England, apart from London (-3.7%). The areas with highest annual growth in England include: the North East (+5.9%), North West (+5.8%) and Yorkshire & Humber (+4.3%).
Most expensive/ cheapest areas
In terms of average house price, the most expensive regions in the UK are London (£544K), the South East (£381K) and the East of England (£338K). The cheapest regions are the North East of England (£164K), Scotland (£196K), Northern Ireland (£198K), Yorkshire & Humber (£208K) and Wales (£215K).
In terms of cities, the most affordable are: Aberdeen (£130K), Glasgow (£165K), Newcastle (£164K) and Sheffield (£178K). And, the most expensive cities in the UK are: London (£530K), Cambridge (£469K), Oxford (£451K), Bristol (£342K) and Bournemouth (£317K).
Prices by property type
House prices shifted in the last year for detached (+3.1%), semi-detached (+4.5%), terraced (+3.6%) properties and for flats/ maisonettes (-1.3%).
| UK Region | Average price £ | Monthly change | Annual change |
|---|---|---|---|
| England | |||
| Nothern Ireland | |||
| Scotland | |||
| Wales | |||
| North West | |||
| Yorkshire and The Humber | |||
| North East | |||
| West Midlands | |||
| East Midlands | |||
| South West | |||
| East of England | |||
| South East | |||
| London |
| UK City | Average price | Annual change |
|---|---|---|
Market Monitor
May 2026 transactions of 98.5K vs 100K in April are down -2% and up 17% vs transactions May last year (84.5K), when transactions were below average (transactions had been brought forward in the year) with the stamp duty change in April 2025.
In June 2026, buyer demand softened further and new sales instructions fell. Zoopla reports that sales agreed over June are down 7% and buyer enquiries 15% lower.
The average time to secure a buyer was up slightly to 62 days in June from to 60 days according to Rightmove; faster than the average over the last 12 months (which is 68 days).
How busy is the market?
- Not busy
- Normal
- Very busy
- Transactions in May 2026 are down this month and lower than typical levels
- Total transactions in May 98.5K
- -2% versus last month
- +17% vs last May (low after stamp duty change April last year)
Homes for sale vs homebuyers
- Good availability of homes
- Normal
- Shortage of homes
- Buyer enquiries fall again (-29% RICS June)
- Seller instructions down (-23% RICS May) weakest in more than a year
- Average stock per agent up to 65 in June from 63 last month (incl under offer/ Sold STC Rightmove)
Average speed of sale
- Fast
- Normal
- Slow
- Jun 62 days vs 60 days last month; faster than the 12 month average of 68 days (Rightmove)
What the experts say
Rightmove
“It’s unusual to see a price fall of this size in June, as we would normally expect to see modest price growth at this point in the year. What’s different this time is a combination of factors, including wider economic uncertainty, the timing of the May bank holiday and unusual heatwave, and the high number of homes on the market, which together appear to be bringing forward the traditionally slower summer market. The average price of property coming to market falls by 0.6%, the biggest June fall in fourteen years, leaving prices 0.5% below a year ago. The number of homes for sale remains at historically high levels for this time of year, driving price falls as competition to attract a buyer remains fierce among sellers. Buyer demand across the month of May is down by 10%, real-time data indicates that this was amplified by the unusual heatwave during the half-term week, which temporarily reduced some mover activity levels. The number of newly listed homes coming to market is down 5% compared with this time last year, but is 6% up on 2024 and 12% up on 2023.”
Nationwide
“It is not surprising that the market has softened a little in recent months, given the uncertainty caused by developments in the Middle East and the subsequent rise in energy prices and market interest rates. Indeed, consumer confidence and measures of housing sentiment have weakened, and mortgage approvals fell noticeably in May. ”
Zoopla (Hometrack)
“The desire to move home remains strong but the recent jump in mortgage rates and political uncertainty have shrunk the pool of committed home buyers. Sales agreed over June are down 7% with buyer enquiries 15% lower, a consistent trend this year. A change of Prime Minister and questions over likely tax and spending priorities in the Autumn Budget have added to the uncertainty in recent weeks, which is reflected in other measures of consumer confidence. Mortgage rates need to fall below 4.5% to improve affordability and bring buyers back into the market. The selection of a new Prime Minister and the Autumn Budget are key moments that will influence buyer confidence beyond pure affordability factors.”
Halifax
Lloyds (formerly Halifax) “Recent price trends continue to reflect wider economic uncertainty, including the impact of global events on inflation and interest rate expectations. While affordability remains stretched for many buyers, mortgage rates have eased from their recent highs , offering some encouragement to those considering a move. While latest industry data shows the number of new mortgage approvals dropped in May, this wasn’t unexpected given the spike in rates seen earlier this year, and we’d expect to see activity recover assuming borrowing costs continue to fall.”
RICS
“The June 2026 RICS UK Residential Market Survey points to only tentative signs of improvement, despite the recent easing in global geopolitical tensions and the associated unwinding in oil prices. That said, anecdotal remarks from respondents suggest that domestic political uncertainty is emerging as another headwind for the market. Overall, activity indicators remain subdued, although the pace of deterioration appears to be moderating. While the near-term outlook for sales volumes remains relatively soft, sentiment is less downbeat than in recent months, suggesting that the housing market may be moving towards a more stable phase.”
