Related topic: House prices

UK house prices rose by 3.0% in the year to August, with the average home now costing £273,000, according to provisional data from the Office for National Statistics (ONS). The...

Year-to-date, new buyer demand is up 2%, while new sellers and sales agreed are up 5% compared with 2024.

Sellers in England and Wales gained an average of £72,000, a 38% rise in property value.

Sentiment suggests this muted picture is likely to persist into early 2026.

First-time buyers are the largest group of home buyers, accounting for half of all new mortgages for home purchase.

Over the past 12 months prices have grown by 1.3%, the slowest annual rate since April 2024. 

Northern Ireland remains the strongest performer by a wide margin.

Demand for properties over £500,000 had dropped by 4% with a 7% reduction in new listings over the last five weeks.

Buyers in London and the south of England are benefitting most from static house prices and lower mortgage rates.

House prices cooled but avoided the usual 'summer slowdown'.