Published 25th February 2026

Executive summary

• Sales agreed are running at one of the highest February levels in the past decade but down 3% on last year
• Mortgage rates below 4% are boosting sales volumes
• New listing activity is accelerating boosting stock levels
• 40% of homes for sale are cheaper to buy with a monthly mortgage than renting – up from 25% of homes last year
• Sales activity is healthy, but price inflation remains subdued
• UK price inflation running at 1.3%, down from 1.8% last year
• Price inflation is higher than last year in northern England and Scotland. Price falls have moderated in southern England

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