Accredited official statistics

UK House Price Index summary: March 2026

Published 20 May 2026

1. Headline statistics for March 2026

The average price of a property in the UK was £268,000

The annual price change for a property in the UK was 0.0%

The monthly price change for a property in the UK was -0.4%

The monthly index figure (January 2023 = 100) for the UK was 102.8

Estimates for the most recent months are provisional and are likely to be updated as more data is incorporated into the index. Read Revisions to the UK HPI data.

Next publication of UK HPI

The April 2026 UK HPI will be published at 9.30am on Wednesday 17 June 2026. See the calendar of release dates for more information.

In September 2024’s release, UK House Price Index (UK HPI) estimates were revised from January 2022 onwards by making use of price data processed outside the UK HPI’s normal 12-month revision period. In October 2024’s release, UK HPI returned to the usual 12-month revision period. Users should be aware that revisions may be larger than usual and should note the significantly greater uncertainty around new build prices.

Previously, UK HPI had a reference period of January 2015. In February 2025’s release, UK HPI’s reference period was updated to January 2023, so UK HPI indices now report January 2023 equals 100. Re-referencing ensures the UK HPI reflects the price of the “average” property currently being sold and shifts the entire price level series for each geography and breakdown by a constant percentage without affecting inflation rates. Read more in the Office for National Statistics’ Keeping average house prices up to date blog and in the 19 February 2025 UK HPI release.

On 20 September  2025, the Office for National Statistics (ONS) introduced an improvement to HPI’s imputation method for Great Britain, which reduces initial over-estimation of new build estimates in provisional estimates. Since this methods improvement increases the accuracy of our initial estimates, we expect overall revisions between provisional (1st) and final revised (13th) UK HPI estimates to be smaller moving forwards. More detail about this methods improvement is available in section 4.9 of HM Land Registry’s About the UK House Price Index document.

In addition to this, from 17 December 2025, the work to move the UK HPI production system to a new platform has meant we can introduce a minor improvement in the way we link the datasets used in the production of the UK HPI. This means that on average, the new method has more robust information about property attributes such as floor area and number of rooms being used in the modelling process. This improvement has led to some small revisions back to January 2025.

ONS will continue to monitor revisions and identify potential further methods improvements in the future.

From 22 April 2026, we have introduced these same linkage improvements to our annual processing; in addition, we have made a minor improvement to the calculation of the weights used for properties with missing characteristics in the regression model.

2. Economic statement

Average UK house price annual inflation was 0.0% (provisional estimate) in the 12 months to March 2026, down from the revised estimate of 1.7% in the 12 months to February 2026.

The average UK house price was £268,000 in March 2026 (provisional estimate), which remained unchanged from 12 months ago. Average house prices in the 12 months to March 2026 decreased in England to £290,000 (0.6%), increased in Wales to £213,000 (2.9%) and increased in Scotland to £187,000 (1.6%). The average house price increased in the year to Q1 (Jan to Mar) 2025 to £198,000 in Northern Ireland (7.4%).

On a non-seasonally adjusted basis, average UK house prices decreased by 0.4% between February 2026 and March 2026, compared with an increase of 1.2%  in the same period 12 months ago. On a seasonally adjusted basis, average house prices in the UK decreased by 0.2% between February 2026 and March 2026.

Of the English regions, annual house price inflation was highest in the East Midlands, where prices increased by 0.7% in the 12 months to March 2026. London was the English region with the lowest annual inflation, where prices decreased by 2.1% in the 12 months to March 2026.

The Royal Institution of Chartered Surveyors’ (RICS’) March 2026 UK Residential Market Survey reported that rising borrowing costs knocked buyer demand and sales volumes.

HM Revenue & Customs’ UK Property Transactions Statistics  showed that in March 2026, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 104,000. This is 40.9% lower than 12 months ago (March 2025). Between February 2026 and March 2026 UK transactions increased by 1.3% on a seasonally adjusted basis. On a non-seasonal basis between February 2026 and March 2026, HM Revenue & Customs (HMRC) reported that transactions volumes increased by 16.7% in England, increased by 9.9% in Scotland, increased by 15.8% in Wales and increased by 2.5% in Northern Ireland.

The Bank of England’s Money and Credit March 2026 release reported that mortgage approvals for house purchases, an indicator of future borrowing, increased to 63,500 in March, above an average of around 63,200 over the previous 6 months.

3. Price changes

3.1 Annual price change

Annual price change for UK by country over the past 4 years

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Average UK house price annual inflation was 0.0% (provisional estimate) in the 12 months to March 2026, down from the revised estimate of 1.7% in the 12 months to February 2026.

The average UK house price was £268,000 in March 2026 (provisional estimate), which remained unchanged from 12 months ago. Average house prices in the 12 months to March 2026 decreased in England to £290,000 (0.6%), increased in Wales to £213,000 (2.9%) and increased in Scotland to £187,000 (1.6%). The average house price increased in the year to Q1 (Jan to Mar) 2025 to £198,000 in Northern Ireland (7.4%).

3.2 Average price by country and government office region

Price, monthly change and annual change by country and government office region

Country and government office region	Price	Monthly change	Annual change
England	£289,946	-0.5%	-0.6%
Northern Ireland (Quarter 1 - 2026)	£198,015	1.5%	7.4%
Scotland	£186,582	-0.2%	1.6%
Wales	£213,240	0.6%	2.9%
East Midlands	£241,747	0.3%	0.7%
East of England	£337,182	-0.4%	0.1%
London	£542,065	-0.3%	-2.1%
North East	£161,629	-0.9%	-1.2%
North West	£214,678	-0.9%	-0.8%
South East	£378,515	0.0%	-0.8%
South West	£300,849	-0.1%	-0.8%
West Midlands Region	£245,797	-1.6%	-0.3%
Yorkshire and The Humber	£207,750	-0.9%	-0.2%

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Price changes by country and government office region

On a non-seasonally adjusted basis, average UK house prices decreased by 0.4% between February 2026 and March 2026, compared with an increase of 1.2%  in the same period 12 months ago. On a seasonally adjusted basis, average house prices in the UK decreased by 0.2% between February 2026 and March 2026.

3.3 Average price by property type

Average monthly price by property type

Property type	March 2026	March 2025	Difference
Detached	£438,263	£430,077	1.9%
Semi-detached	£274,251	£269,386	1.8%
Terraced	£228,340	£227,171	0.5%
Flat or maisonette	£188,643	£199,186	-5.3%
All	£268,132	£268,019	0.0%

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4. Sales volumes

The UK HPI data volumes reflect the number of sales that have been registered so far for a given month and do not reflect the total number of sales that occurred in that month. It takes time for sales that have occurred to be registered and processed for inclusion in the UK HPI data volumes. Therefore, UK HPI data volumes for the most recent 12 months of data are provisional and are subject to revision, in line with the UK HPI revision period policy. Users should not use provisional UK HPI data volumes to infer trends in sales activity. 

In 2024, HM Land Registry successfully returned to processing over 40% of HM Revenue & Customs’ provisional sales estimate for UK HPI’s first estimate (the target specified in the UK HPI Quality and Methodology guidance). UK HPI sales volume estimates for older periods and new builds remain lower than historical averages but continue to improve. Users should be aware that revisions may be larger than historically and should note the greater uncertainty around new build prices.

ONS introduced an improvement to HPI’s imputation method from August 2025, more detail is available in section 4.9 of HM Land Registry’s About the UK House Price Index document. ONS will continue to monitor revisions and identify potential further methods improvements in the future.

4.1 Number of sales volumes by country

Provisional UK HPI estimates for March 2026 are based on approximately 36,700 records for England, 6,400 for Scotland, and 2,000 for Wales. This represents 46% of HMRC’s provisional sales estimate for March 2026, as detailed in their Monthly property transactions completed in the UK with value of £40,000 or above estimates. Over time, more records will become available for recent periods, which will be used to revise UK HPI estimates and sales volumes, in line with the revision policy published by the ONS and HM Land Registry.

Sales estimates from UK HPI differ from estimates from HMRC because of different data sources, revision period size and coverage. HMRC’s Quality report states there are likely to be inaccuracies in their data because of reporting or keying errors, such as misclassification between residential and non-residential transactions. However, HMRC take steps to reduce this measurement error. Another reason for differences could be that residential property transactions, where the buyer or seller is a corporate body, company or business, are excluded from UK HPI data, but included in HMRC data.

Further information on data sources, revision policy, methods and quality is available in HM Land Registry’s UK HPI guidance.

Country	January 2026	January 2025
England	35,188	55,008
Northern Ireland	1,670	2,199
Scotland	6,945	6,911
Wales	1,866	2,777

Note: Comparing the provisional volume estimate for the current month with the revised 12-month volume estimate.

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Note: The ‘Difference’ column has been removed from this table as the latest month’s data are not yet complete.

Note: The number of property transactions for January 2026  will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing provisional UK HPI volume estimates for January 2025 with the provisional UK HPI volume estimate for January 2026, volume transactions decreased by 3.0% in England, increased by 1.9% in Scotland and decreased by 0.4% in Wales. Northern Ireland’s UK HPI volume transactions decreased by 8.3% in the year to Quarter 1 2026.

UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that in the 12 months to January 2026, on a non-seasonally adjusted basis, HMRC volume transactions decreased by 2.6% in England, increased by 1.1% in Scotland, increased by 4.4% in Wales and increased by 3.2% in Northern Ireland.

4.2 Sales volumes for the UK over the past 5 years

Sales volumes for 2021 to 2025 by country: January

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Note: The ‘Difference’ column has been removed from this table as the latest month’s data are not yet complete.

Note: The number of property transactions for January 2026 will increase as more transactions are incorporated into the UK HPI index. See our Revisions Policy for more information.

Comparing the provisional UK HPI volume estimate for January 2025 with the provisional UK HPI volume estimate for January 2026, UK volume transactions decreased by 2.4%.

UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that on a non-seasonally adjusted basis, HMRC volume transactions for the UK decreased by 1.9% in the 12 months to January 2026.

New build and existing resold property

Property status	Average price January 2026	Monthly change	Annual change
New build	£343,580	-0.5%	0.1%
Existing resold property	£264,175	-0.2%	1.2%

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Note: Since the October 2017 release, amendments have been made to our estimation model when calculating our provisional estimate. Find out further information and the impact of this change in the methods used to produce the UK HPI.

5. Buyer status for Great Britain

First time buyer and former owner occupier

For Great Britain only, Northern Ireland data is not available for type of buyer.

Type of buyer	Average price March 2026	Monthly change	Annual change
First time buyer	£226,247	-0.3%	-0.7%
Former owner occupier	£329,454	-0.5%	0.6%

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We have identified an error in the calculation of first-time buyer and former owner occupier prices prior to January 2026. We advise caution when comparing breakdowns for first time buyers and former owner occupiers before and after the January 2026 estimates.

6. Funding status for Great Britain

Cash and mortgage

For Great Britain only, Northern Ireland data is not available for funding status.

Funding status	Average price March 2026	Monthly change	Annual change
Cash	£254,246	-0.6%	-0.7%
Mortgage	£277,194	-0.3%	0.1%

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7.  Access the data

Download the data as CSV files or access it with our UK HPI tool.

Data revisions

View any revisions to previously published data in the data downloads or find out more about revisions in our guidance About the UK HPI.

8. Housing transaction distributions

Between October and December 2025, there were 199,035 property sales.

The most popular price range for:

• England was £225,000 - £249,999 – 10,581 properties were purchased
• Scotland was £125,000 to £149,999 – 2,681 properties were purchased
• Wales was £175,000 to £199,999 – 975 properties were purchased
• Northern Ireland was £175,000 to £199,999 – 816 properties were purchased

The charts below show the distribution of housing transactions for Q4 (October to December) 2025 for countries of the UK. Data for Great Britain is presented in bands of £25,000 up to £10 million, followed by a larger band for over £10 million. Data for Northern Ireland is presented in bands of £25,000 up to £500,000, followed by a larger band for over £500,000.

In line with the UK HPI revisions policy, the number of transactions will increase as more data are incorporated into the index, which would also impact the distributions presented in this analysis.

England housing transactions

Price band	Housing transactions
less than £25,000	23
£25,000 - £49,999	334
£50,000 - £74,999	1,570
£75,000 - £99,999	3,503
£100,000 - £124,999	5,309
£125,000 - £149,999	7,533
£150,000 - £174,999	9,502
£175,000 - £199,999	10,325
£200,000 - £224,999	10,294
£225,000 - £249,999	10,581
£250,000 - £274,999	10,462
£275,000 - £299,999	9,520
£300,000 - £324,999	8,760
£325,000 - £349,999	7,702
£350,000 - £374,999	7,163
£375,000 - £399,999	6,358
£400,000 - £424,999	5,406
£425,000 - £449,999	4,894
£450,000 - £474,999	4,357
£475,000 - £499,999	3,736
£500,000 - £524,999	2,924
£525,000 - £549,999	2,607
£550,000 - £574,999	2,387
£575,000 - £599,999	2,089
£600,000 - £624,999	1,915
£625,000 - £649,999	1,673
£650,000 - £674,999	1,587
£675,000 - £699,999	1,258
£700,000 - £724,999	1,147
£725,000 - £749,999	1,009
£750,000 - £774,999	1,000
£775,000 - £799,999	798
£800,000 - £824,999	749
£825,000 - £849,999	638
£850,000 - £874,999	692
£875,000 - £899,999	550
£900,000 - £924,999	496
£925,000 - £949,999	386
£950,000 - £974,999	425
£975,000 - £999,999	342
£1,000,000 - £1,249,999	1,629
£1,250,000 - £1,499,999	957
£1,500,000 - £1,749,999	512
£1,750,000 - £1,999,999	273
£2,000,000 - £4,999,999	570
£5,000,000 - £9,999,999	43
greater than £10,000,000	7

Wales housing transactions

Price band	Housing transactions
less than £25,000	0
£25,000 - £49,999	14
£50,000 - £74,999	104
£75,000 - £99,999	326
£100,000 - £124,999	617
£125,000 - £149,999	878
£150,000 - £174,999	968
£175,000 - £199,999	975
£200,000 - £224,999	791
£225,000 - £249,999	743
£250,000 - £274,999	629
£275,000 - £299,999	493
£300,000 - £324,999	404
£325,000 - £349,999	354
£350,000 - £374,999	308
£375,000 - £399,999	268
£400,000 - £424,999	167
£425,000 - £449,999	146
£450,000 - £474,999	123
£475,000 - £499,999	82
£500,000 - £524,999	71
£525,000 - £549,999	49
£550,000 - £574,999	60
£575,000 - £599,999	52
£600,000 - £624,999	27
£625,000 - £649,999	24
£650,000 - £674,999	20
£675,000 - £699,999	22
£700,000 - £724,999	19
£725,000 - £749,999	16
£750,000 - £774,999	20
£775,000 - £799,999	13
£800,000 - £824,999	10
£825,000 - £849,999	7
£850,000 - £874,999	8
£875,000 - £899,999	6
£900,000 - £924,999	2
£925,000 - £949,999	6
£950,000 - £974,999	2
£975,000 - £999,999	3
£1,000,000 - £1,249,999	12
£1,250,000 - £1,499,999	7
£1,500,000 - £1,749,999	4
£1,750,000 - £1,999,999	2
£2,000,000 - £4,999,999	1
greater than £10,000,000	1

Scotland housing transactions

Price band	Housing transactions
less than £25,000	72
£25,000 - £49,999	599
£50,000 - £74,999	1,286
£75,000 - £99,999	1,929
£100,000 - £124,999	2,136
£125,000 - £149,999	2,681
£150,000 - £174,999	2,447
£175,000 - £199,999	2,294
£200,000 - £224,999	1,838
£225,000 - £249,999	1,838
£250,000 - £274,999	1,824
£275,000 - £299,999	1,487
£300,000 - £324,999	1,286
£325,000 - £349,999	1,075
£350,000 - £374,999	870
£375,000 - £399,999	752
£400,000 - £424,999	529
£425,000 - £449,999	407
£450,000 - £474,999	355
£475,000 - £499,999	306
£500,000 - £524,999	217
£525,000 - £549,999	183
£550,000 - £574,999	166
£575,000 - £599,999	110
£600,000 - £624,999	120
£625,000 - £649,999	80
£650,000 - £674,999	83
£675,000 - £699,999	68
£700,000 - £724,999	56
£725,000 - £749,999	38
£750,000 - £774,999	43
£775,000 - £799,999	37
£800,000 - £824,999	30
£825,000 - £849,999	16
£850,000 - £874,999	21
£875,000 - £899,999	15
£900,000 - £924,999	15
£925,000 - £949,999	12
£950,000 - £974,999	15
£975,000 - £999,999	9
£1,000,000 - £1,249,999	52
£1,250,000 - £1,499,999	31
£1,500,000 - £1,749,999	22
£1,750,000 - £1,999,999	4
£2,000,000 - £4,999,999	10
£5,000,000 - £9,999,999	1

Northern Ireland housing transactions

Price band	Housing transactions
less than £25,000	6
£25,000 - £49,999	41
£50,000 - £74,999	231
£75,000 - £99,999	441
£100,000 - £124,999	627
£125,000 - £149,999	723
£150,000 - £174,999	752
£175,000 - £199,999	816
£200,000 - £224,999	671
£225,000 - £249,999	516
£250,000 - £274,999	393
£275,000 - £299,999	305
£300,000 - £324,999	207
£325,000 - £349,999	198
£350,000 - £374,999	183
£375,000 - £399,999	137
£400,000 - £424,999	88
£425,000 - £449,999	70
£450,000 - £474,999	50
£475,000 - £499,999	47
greater than £500,000	219

9. About the UK House Price Index

The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Find out about the methodology used to create the UK HPI.

Data for the UK House Price Index is provided by HM Land Registry, Registers of Scotland, The Land & Property Services/Northern Ireland Statistics & Research Agency and the Valuation Office Agency.

Find out more about the UK House Price Index.

A key determinant of house prices is the demographic characteristics of the area in which the property is located. The UK HPI uses the socio-demographic classification, known as Acorn, in the hedonic regression model to measure the affluence of the area.

Prior to 20 December 2023’s publication, property transactions in Great Britain were excluded from the regression model if their Acorn classification was missing. From 20 December 2023’s publication, these properties are included in the regression model from January 2023’s data onwards, but are given less weight in the calculations, as described above. This methodology improvement aligns how transactions with missing Acorn classification are used in the Great Britain model and Northern Ireland model, increasing coherence across the UK and improving the quality of UK HPI statistics.

10. Contact

Eileen Morrison, Data Services Team Leader, HM Land Registry

Email eileen.morrison@landregistry.gov.uk

Telephone 0300 006 5288

Ian Boreham, Head of Housing Market Indices, Office for National Statistics

Email ian.boreham@ons.gov.uk

Telephone 01633 456228

Ciara Cunningham, Statistician for the Northern Ireland HPI

Email ciara.cunningham@finance-ni.gov.uk

Telephone 028 90 336035

Garreth Jones, Land & Property Data Team, Registers of Scotland

Email Garreth.Jones@ros.gov.uk

Telephone 0131 378 4114