Published 27th October 2026

Executive summary

• UK house prices increased 0.8% over last year – ranging from -1% in London to 3.2% in the North West
• Higher mortgage rates lead to more local areas experiencing modest price falls across southern England
• More choice for buyers with 7% more homes for sale
• Fewer sales agreed, down 7%, as buyers become more selective
• Homes that sell are finding a buyer just as fast as last year
• Realistic asking prices are key to securing sales as competition for buyers increases
• The Budget’s wider impact on mortgage rates going into 2027 matters more than individual measures to support homebuyers

See our London House Price Index and detailed price metrics for 65 cities.