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. source: Halifax and Bank of Scotland

House Price Index YoY in the United Kingdom increased to 1 percent in January from 0.40 percent in December of 2025. 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 February of 2026.

House Price Index YoY in the United Kingdom increased to 1 percent in January from 0.40 percent in December of 2025. House Price Index YoY in the United Kingdom is expected to be 0.50 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 2.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-08 07:00 AM
Halifax House Price Index YoY
Dec 0.3% 0.6% 1.1% 1.0%
2026-02-06 07:00 AM
Halifax House Price Index YoY
Jan 1% 0.4% 0.0%
2026-03-07 07:00 AM
Halifax House Price Index YoY
Feb 1%


Related Last Previous Unit Reference
Average House Prices 300077.00 297938.00 GBP Jan 2026
Construction Orders YoY 29.30 -11.90 percent Sep 2025
Construction Output YoY -1.10 0.90 percent Nov 2025
Mortgage Lending 4601.00 4593.00 GBP Million Dec 2025
Home Ownership Rate 64.50 64.70 percent Dec 2023
Halifax House Price Index MoM 0.70 -0.50 percent Jan 2026
Halifax House Price Index YoY 1.00 0.40 percent Jan 2026
Housing Index 517.50 513.80 points Jan 2026
Housing Starts 29620.00 29650.00 units Sep 2025
Mortgage Approvals 61.01 64.07 Thousand Dec 2025
BBA Mortgage Rate 6.62 6.77 percent Jan 2026
Nationwide Housing Prices 540.40 540.80 points Jan 2026
Nationwide Housing Prices MoM 0.30 -0.40 percent Jan 2026
Nationwide Housing Prices YoY 1.00 0.60 percent Jan 2026
Price to Rent Ratio 111.46 111.34 Sep 2025
Private Rental Prices YoY 4.00 4.40 percent Dec 2025
Residential Property Prices 2.96 2.83 Percent Sep 2025
RICS House Price Balance -14.00 -14.00 percent Dec 2025


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
1.00 0.40 34.50 -16.80 1984 - 2026 percent Monthly
SA

News Stream
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
UK House Price Growth Falls to 1½-Year Low
The Halifax House Price Index in the UK rose 0.7% year-on-year in November 2025, easing from 1.9% in October and marking the slowest growth since March 2024. The average property price edged up to a record £299,892, a monthly increase of just £139. On a monthly basis, prices were flat, following a 0.5% rise in October and missing expectations of a 0.2% gain. The slowdown largely reflects stronger price growth a year earlier. Amanda Bryden, Head of Mortgages at Halifax, said the market has remained one of the most stable in the past decade, with prices steady despite Stamp Duty changes and Autumn Budget uncertainty. She noted that affordability has improved, with mortgage costs as a share of income now at their lowest in about three years. Regionally, Northern Ireland led annual growth at +8.9%, followed by Scotland (+3.7%) and Wales (+1.9%). In England, the North West recorded the strongest gain at +3.2%, with the North East up 2.9%.
2025-12-05