The Halifax House Price Index showed UK house prices rose 0.8% year-on-year in March 2026, below the expected 1.5% and down from a revised 1.2% in February, marking the softest annual growth in three months. The average UK home was £299,677. On a monthly basis, prices fell 0.5%, defying expectations of a 0.1% gain and marking the first decline in three months. Amanda Bryden, Head of Mortgages at Halifax, said the slowdown reflects geopolitical uncertainty in the Middle East. Rising energy prices have fueled higher inflation expectations, pushing mortgage rates up and weakening confidence that interest rates will be cut this year, which has dampened early-year market momentum. In regional terms, southern markets lagged, with the South East down 1.9% and London falling 1.2%. Wales saw modest growth (+1.6%), followed by the North West (+3.1%) and Scotland (+4.4%), while the North East (+5%) and Northern Ireland (+8.7%) recorded the strongest gains. source: Halifax and Bank of Scotland

House Price Index YoY in the United Kingdom decreased to 0.80 percent in March from 1.20 percent in February of 2026. House Price Index YoY in the United Kingdom averaged 6.12 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 April of 2026.

House Price Index YoY in the United Kingdom decreased to 0.80 percent in March from 1.20 percent in February of 2026. House Price Index YoY in the United Kingdom is expected to be 2.00 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
2026-03-06 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 0.8% 1.2% 1.5% 1.3%
2026-05-08 06:00 AM
Halifax House Price Index YoY
Apr 0.8%


Related Last Previous Unit Reference
Average House Prices 299677.00 301051.00 GBP Mar 2026
Construction Orders YoY 28.60 30.50 percent Dec 2025
Construction Output YoY -0.20 -0.30 percent Jan 2026
Mortgage Lending 4840.00 4211.00 GBP Million Feb 2026
Home Ownership Rate 64.50 64.70 percent Dec 2023
Halifax House Price Index MoM -0.50 0.30 percent Mar 2026
Halifax House Price Index YoY 0.80 1.20 percent Mar 2026
Housing Index 516.80 519.10 points Mar 2026
Housing Starts 37300.00 30320.00 units Dec 2025
Mortgage Approvals 62.58 60.25 Thousand Feb 2026
BBA Mortgage Rate 6.60 6.59 percent Mar 2026
Nationwide Housing Prices 553.00 545.00 points Mar 2026
Nationwide Housing Prices MoM 0.90 0.30 percent Mar 2026
Nationwide Housing Prices YoY 2.20 1.00 percent Mar 2026
Price to Rent Ratio 110.71 111.09 Dec 2025
Private Rental Prices YoY 3.50 3.50 percent Feb 2026
Residential Property Prices 2.96 2.83 Percent Sep 2025
RICS House Price Balance -23.00 -14.00 percent Mar 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
0.80 1.20 34.50 -16.80 1984 - 2026 percent Monthly
SA

News Stream
UK House Price Growth Below Expectations
The Halifax House Price Index showed UK house prices rose 0.8% year-on-year in March 2026, below the expected 1.5% and down from a revised 1.2% in February, marking the softest annual growth in three months. The average UK home was £299,677. On a monthly basis, prices fell 0.5%, defying expectations of a 0.1% gain and marking the first decline in three months. Amanda Bryden, Head of Mortgages at Halifax, said the slowdown reflects geopolitical uncertainty in the Middle East. Rising energy prices have fueled higher inflation expectations, pushing mortgage rates up and weakening confidence that interest rates will be cut this year, which has dampened early-year market momentum. In regional terms, southern markets lagged, with the South East down 1.9% and London falling 1.2%. Wales saw modest growth (+1.6%), followed by the North West (+3.1%) and Scotland (+4.4%), while the North East (+5%) and Northern Ireland (+8.7%) recorded the strongest gains.
2026-04-08
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