The Halifax House Price Index showed UK house prices rose 1.3% year-on-year in February 2026, more than the expected 0.9% gain, from a revised 1.1% increase in January, marking the strongest annual growth in four months. The average UK home reached a new high of £301,151. On a monthly basis, prices rose 0.3%, following a 0.8% gain in January. Amanda Bryden, Head of Mortgages at Halifax, said the market maintained early-year momentum, with prices up around £3,000 since January. Affordability remains stretched and supply constrained, but easing interest rates and real wage growth are supporting buyers. Regional growth was led by Northern Ireland (6.3%) and Scotland (4.7%), followed by Wales (2.4%) and northern England, including the North East (3.5%) and North West (2.9%). Southern markets lagged, with the South East down 2.2% and London falling 1%. Halifax noted mortgage approvals and geopolitical uncertainties may affect borrowing costs and future price growth. source: Halifax and Bank of Scotland

House Price Index YoY in the United Kingdom increased to 1.30 percent in February from 1 percent in January of 2026. House Price Index YoY in the United Kingdom averaged 6.14 percent from 1984 until 2026, reaching an all time high of 34.50 percent in October of 1988 and a record low of -16.80 percent in February of 2009. This page includes a chart with historical data for the United Kingdom House Price Index YoY. United Kingdom House Price Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.

House Price Index YoY in the United Kingdom increased to 1.30 percent in February from 1 percent in January of 2026. House Price Index YoY in the United Kingdom is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom House Price Index YoY is projected to trend around 4.50 percent in 2027 and 5.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-06 07:00 AM
Halifax House Price Index YoY
Jan 1% 0.4% 0.0%
2026-03-06 07:00 AM
Halifax House Price Index YoY
Feb 1.3% 1.1% 0.9% 1.1%
2026-04-08 06:00 AM
Halifax House Price Index YoY
Mar 1.3% 1.3%


Related Last Previous Unit Reference
Average House Prices 301151.00 300283.00 GBP Feb 2026
Construction Orders YoY 28.60 30.50 percent Dec 2025
Construction Output YoY -0.20 -0.30 percent Jan 2026
Mortgage Lending 4076.00 4492.00 GBP Million Jan 2026
Home Ownership Rate 64.50 64.70 percent Dec 2023
Halifax House Price Index MoM 0.30 0.80 percent Feb 2026
Halifax House Price Index YoY 1.30 1.00 percent Feb 2026
Housing Index 519.30 517.80 points Feb 2026
Housing Starts 29620.00 29650.00 units Sep 2025
Mortgage Approvals 60.00 61.01 Thousand Jan 2026
BBA Mortgage Rate 6.59 6.62 percent Feb 2026
Nationwide Housing Prices 545.00 540.40 points Feb 2026
Nationwide Housing Prices MoM 0.30 0.30 percent Feb 2026
Nationwide Housing Prices YoY 1.00 1.00 percent Feb 2026
Price to Rent Ratio 111.46 111.34 Sep 2025
Private Rental Prices YoY 3.50 4.00 percent Jan 2026
Residential Property Prices 2.96 2.83 Percent Sep 2025
RICS House Price Balance -12.00 -10.00 percent Feb 2026


United Kingdom House Price Index YoY
The Halifax House Price Index is the UK's longest running monthly house price series with data covering the whole country going back to January 1983. From this data, a "standardized" house price is calculated and property price movements on a like -for-like basis (including seasonal adjustments) are analyzed over time.
Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.00 34.50 -16.80 1984 - 2026 percent Monthly
SA

News Stream
UK House Price Growth Above Forecasts
The Halifax House Price Index showed UK house prices rose 1.3% year-on-year in February 2026, more than the expected 0.9% gain, from a revised 1.1% increase in January, marking the strongest annual growth in four months. The average UK home reached a new high of £301,151. On a monthly basis, prices rose 0.3%, following a 0.8% gain in January. Amanda Bryden, Head of Mortgages at Halifax, said the market maintained early-year momentum, with prices up around £3,000 since January. Affordability remains stretched and supply constrained, but easing interest rates and real wage growth are supporting buyers. Regional growth was led by Northern Ireland (6.3%) and Scotland (4.7%), followed by Wales (2.4%) and northern England, including the North East (3.5%) and North West (2.9%). Southern markets lagged, with the South East down 2.2% and London falling 1%. Halifax noted mortgage approvals and geopolitical uncertainties may affect borrowing costs and future price growth.
2026-03-06
UK House Price Growth Picks Up in January
The Halifax House Price Index showed UK house prices rose 1% year-on-year in January 2026, accelerating from an upwardly revised 0.4% gain in December, marking the largest increase in three months. The average UK home surpassed £300,000 for the first time, reaching £300,077. On a monthly basis, prices rose 0.7%, more than the expected 0.1% growth, and reversing a 0.5% fall in December. Amanda Bryden, Head of Mortgages at Halifax, said the market entered 2026 on a steady footing, with the monthly rise reflecting resilience despite affordability challenges. Stronger wage growth and more mortgage deals below 4% are supporting buyers, and Halifax expects prices to edge up 1%–3% in 2026. Regionally, Northern Ireland led growth at 5.9%, followed by Scotland (5.4%) and the North West (2.1%). Southern regions, including London, the South East, South West, and Eastern England, saw annual declines of over 1%, reflecting higher borrowing costs and affordability pressures.
2026-02-06
UK House Price Growth Lowest in Over Two Years
The Halifax House Price Index showed UK house prices rose 0.3% year-on-year in December 2025, slowing from a revised 0.6% gain in November and below expectations of a 1.1% increase. This marks the smallest growth since a decline in November 2023. On a monthly basis, prices declined 0.6%, following a 0.1% drop, missing forecasts for a 0.2% rise. The average house price fell by £1,789 to £297,755, the lowest level since June. Amanda Bryden, Head of Mortgages at Halifax, said the softer end to 2025 likely reflected late-year uncertainty that should begin to ease, while overall market activity remained resilient and broadly in line with pre-pandemic levels. She added that lower mortgage rates and a broader range of high loan-to-value products should support demand into 2026, with Halifax forecasting house price growth of 1%–3%. Regionally, Northern Ireland led gains at 7.5%, followed by Scotland (3.9%) and Wales (1.6%).
2026-01-08