Recent Trends in House Prices
The data for June 2026 indicates a modest increase in house prices across the UK, with an average rise of 0.1% since May 2026. Over the past year, there has been a more notable annual increase of 2%, bringing the average property value in the UK to £272,000.
Regional Insights for England
Focusing on England, the figures reveal an average monthly price rise of 0.2% since May 2026, with an annual increase of 1.8%, resulting in an average property value of £293,000. The regional data highlights significant variations, with the North East experiencing the highest monthly increase at 1%. Conversely, the East Midlands reported the largest monthly decline at -0.7%. Over the year, the North West saw a remarkable annual growth of 4.7%, while London faced the lowest annual growth rate, showing a decrease of 2.5%.
Price Variations by Region
The following table illustrates the average house prices for June 2026 across various regions in England, including the percentage changes since June 2025 and May 2026:
- East Midlands: £240,000 (Annual change: 2.4%, Monthly change: -0.7%)
- East of England: £339,000 (Annual change: 1.1%, Monthly change: -0.2%)
- London: £554,000 (Annual change: -2.5%, Monthly change: 1%)
- North East: £166,000 (Annual change: 4.3%, Monthly change: 1%)
- North West: £220,000 (Annual change: 4.7%, Monthly change: 0.4%)
- South East: £380,000 (Annual change: 0.3%, Monthly change: -0.3%)
- South West: £305,000 (Annual change: 1.9%, Monthly change: 0.6%)
- West Midlands: £251,000 (Annual change: 2.6%, Monthly change: 1%)
- Yorkshire and the Humber: £208,000 (Annual change: 3.6%, Monthly change: -0.6%)
Repossession Trends in England
In terms of repossession sales, the East of England recorded the lowest volume, whereas the North West experienced the highest number of such sales. The recorded repossession sales for April 2026 were as follows:
- East Midlands: 5
- East of England: 2
- London: 20
- North East: 13
- North West: 24
- South East: 17
- South West: 4
- West Midlands: 10
- Yorkshire and the Humber: 16
- Total for England: 111
Average Property Prices by Type
The average prices for different property types in England for June 2026 were as follows:
- Detached: £475,000 (up from £465,000, change: 2%)
- Semi-detached: £291,000 (up from £282,000, change: 3.2%)
- Terraced: £246,000 (up from £240,000, change: 2.8%)
- Flat/maisonette: £219,000 (down from £224,000, change: -2.3%)
- Overall average: £293,000 (up from £288,000, change: 1.8%)
Funding and Buyer Status in England
Examining the funding methods, the average prices and their changes since June 2025 are as follows:
- Cash buyers: £279,000 (Annual change: 1.4%, Monthly change: 0.2%)
- Mortgage buyers: £299,000 (Annual change: 1.9%, Monthly change: 0.2%)
- First-time buyers: £245,000 (Annual change: 1.8%, Monthly change: 0.2%)
- Former owner-occupiers: £357,000 (Annual change: 1.8%, Monthly change: 0.2%)
Building Status Insights for England
Regarding building status, the average prices for different types of properties were reported as follows:
- New build: £381,000 (Annual change: 3.1%, Monthly change: -0.8%)
- Existing resold property: £288,000 (Annual change: 4.1%, Monthly change: 0.6%)
House Price Dynamics in London
In London, house prices have increased by 1% since May 2026, although an annual decrease of 2.5% has led to an average property value of £554,000. The average prices for various property types in London for June 2026 are as follows:
- Detached: £1,162,000 (down from £1,171,000, change: -0.7%)
- Semi-detached: £722,000 (up from £717,000, change: 0.6%)
- Terraced: £641,000 (down from £642,000, change: -0.3%)
- Flat/maisonette: £431,000 (down from £452,000, change: -4.7%)
- Overall average: £554,000 (down from £568,000, change: -2.5%)
Funding and Buyer Status in London
The average prices for different transaction types in London are as follows:
- Cash: £589,000 (Annual change: -4%, Monthly change: 1.4%)
- Mortgage: £547,000 (Annual change: -2.1%, Monthly change: 0.9%)
- First-time buyer: £472,000 (Annual change: -2.8%, Monthly change: 0.8%)
- Former owner-occupier: £697,000 (Annual change: -1.9%, Monthly change: 1.3%)
Building Status in London
The average prices based on building status in London are as follows:
- New build: £494,000 (Annual change: -4.6%, Monthly change: -0.2%)
- Existing resold property: £554,000 (Annual change: -2.2%, Monthly change: 1.3%)
Wales’ House Price Overview
In Wales, there has been a slight decline of 0.9% in house prices since June 2026, although an annual increase of 1.8% has pushed the average property value to £213,000. The average prices for various property types in Wales for June 2026 are:
- Detached: £334,000 (up from £330,000, change: 1.2%)
- Semi-detached: £213,000 (up from £207,000, change: 2.5%)
- Terraced: £171,000 (up from £167,000, change: 2.6%)
- Flat/maisonette: £127,000 (down from £130,000, change: -2.6%)
- Overall average: £213,000 (up from £209,000, change: 1.8%)
Funding and Buyer Status in Wales
The average prices and changes in Wales based on transaction type are:
- Cash: £212,000 (Annual change: 1.1%, Monthly change: -0.8%)
- Mortgage: £214