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Average price tag on a home falls by £12 in February after record January jump
Average UK asking price in February remained flat at £368,019 after January’s record £9,893 rise, marking the strongest start to a year since 2020, Rightmove said.
- In February, Rightmove reported the average asking price in Britain was 368,019, down from 368,031 in January, a 12-pound month-on-month dip.
- Confidence rebounded after autumn budget uncertainty, prompting sellers who delayed listing to enter early 2026, which helped drive January's bumper rise while sellers held gains in February.
- Research from Savills indicates the UK housing stock value at £9.18 trillion, with the North and devolved nations contributing 60% of growth since 2022, despite only 27% of the total value.
- For buyers, conditions are improving, as mortgage rates trend down and lenders grow more competitive while average wages are up 17% and products help first-time buyers borrow more.
- For those ready to move soon, February could offer a useful window to act before the peak spring selling season, with newly listed properties 11% higher than two years ago and sales agreed 9% higher than this time in 2024.
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£12 change in February for anyone who owns a home
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·Plymouth, United Kingdom
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UK home prices held steady in February after a record-breaking start to the year, property sales platform Rightmove reported on Monday. The average price of newly listed homes was virtually flat in...
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Average price tag on a home falls by £12 in February after record January jump
Early year price growth was front-loaded into January, Rightmove said.
·London, United Kingdom
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Total News Sources22
Leaning Left1Leaning Right1Center7Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
11%
C 78%
11%
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