Published 30th March 2026

Executive summary

• Sales agreed holding steady in March, supported by committed movers with mortgages agreed and pressing on with sales

• Buyer demand weakens in March, now 13% below last year, as more early-stage movers adopt a ‘wait and see’ approach

• No differences in buyer behaviour between first-time buyers and existing homeowners – serious buyers continuing with plans

• Average mortgage rates up by c.0.4% over March with sub-4% mortgage deals withdrawn

• UK house price inflation stable at +1.3%

• If mortgage rates were to rise further, weaker demand is likely to feed into lower sales later this year England

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