Latest UK House Price Index data shows house prices in capital fell by average 1.2% over year, while north-east saw increase of 5.9%.
The UK House Price Index (HPI) for May 2026 reveals some significant changes in average house price across England, Northern Ireland, Scotland and Wales.
Overall, prices are relatively stagnant, the average price rising just 0.3% since the previous month, and just 2.7% over the past year. Those figures are even lower for England, where they are 0.1% and 2.3% respectively.
More notably, London saw the lowest growth of any region, with a fall in average house prices of 1.2% compared to April 2026 and of 3.7% since May 2025. In London, the greatest fall in prices has been for flats and maisonettes: the average price in May 2025 was £452,000; in May 2026 it was £423,000, a decline of 6.6%.
There have been slight falls in the average price for detached and terraced homes in London, and a very most rise of 0.4% in the average price for a semi-detached home in the capital.
London’s loss is the rest of the county’s gain. The north east saw the biggest growth over the year, with average prices up 5.9%, and the north west close behind on 5.8%. The north west has also seen the biggest monthly growth, with a 1.4% increase since April – though this is still not a huge amount.
In Scotland, house prices rose by an average 4.4% over the year, and by 1.5% since April 2026.
In Wales, house prices roses by an average 4.2% over the year, and by 1.3% since April 2026.
The latest figures for Northern Ireland are slightly different: They cover the first quarter of 2026, and show that house prices rose by an average 7.4% over the preceding year, and by 1.5% over the quarter.
UK HPI figures also provide details of funding and buyer status, and building status. For more details, see UK House Price Index for May 2026. The data for UK HPI is Data are collected by HM Land Registry, Registers of Scotland, and Northern Ireland Land and Property Services.
Photo by Loris Boulinguez / Unsplash
In related news:
Leave a Reply