STORY
Average UK house prices increased by 2% in the year to June 2026, taking the average property value to £272,000, according to the latest UK House Price Index. Prices rose by 0.1% between May and June on a non seasonally adjusted basis. The annual rate of growth was lower than the revised 3% increase recorded in the 12 months to May.
In England, the average house price reached £293,000 after an annual increase of 1.8%. The North West recorded the strongest annual growth among English regions at 4.7%, followed by the North East at 4.3%. London was the only English region to record an annual fall, with average prices down 2.5% to £554,000, although prices in the capital rose by 1% between May and June.
The average price paid by a first time buyer in England was £245,000, up 1.8% over the year, while the average for former owner occupiers was £357,000. Official property transaction figures show an estimated 99,000 UK residential transactions worth at least £40,000 took place in June on a seasonally adjusted basis. That was 2.5% higher than in June 2025 but 0.2% lower than in May 2026.