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UK house prices showed no growth in year to March, ONS says
London led the decline as buyers faced higher mortgage costs and uncertainty, while Northern Ireland, Scotland and Wales posted annual gains.
- The Office for National Statistics reported UK house prices remained flat in the year to March 2026, falling 0.4% month-on-month to an average of £268,000, marking the first 12-month period of zero growth in almost two years.
- Rising mortgage costs at 5.73% for two-year fixed rates, political uncertainty surrounding Prime Minister Keir Starmer, and the ongoing Iran war created significant headwinds for household finances and demand.
- London prices fell 2.1% annually to £542,000, the weakest UK region, while Wales saw prices rise 2.9% annually to £213,000, revealing stark regional divergence in market performance.
- Nathan Emerson, chief executive of Propertymark, said the market "remains active but measured," adding that buyers are "negotiating more carefully" and remain "highly conscious of value and monthly mortgage costs."
- The Office for National Statistics will publish the April 2026 UK House Price Index at 9:30am on June 17, 2026, signaling whether market weakness continues or conditions stabilize.
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18 Articles
18 Articles
Evening Standard+2 Reposted by 2 other sources
UK house prices stall in March as buyers cautious amid interest rate uncertainty
Across the UK, the average house price in March was £268,000, marking no change from February, according to the Office for National Statistics.
·London, United Kingdom
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Total News Sources18
Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 25%
C 63%
12%
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