UK House Price Index Update: July 2026

The latest UK House Price Index has landed, giving us a fresh look at how the property market performed in July.

Average UK house prices increased by 0.7% between June and July, taking the average property value to £273,000. On an annual basis, prices were 1.4% higher than in July 2025.

Annual growth has slowed from the revised 1.5% recorded in June, but prices are still moving upwards nationally. As always, though, there are some big differences depending on where you live and the type of property you’re buying or selling.

Here are the latest headlines.

What’s happened to UK house prices?

According to HM Land Registry, the average UK home was worth £273,000 in July 2026.

Prices rose 0.7% month-on-month and 1.4% annually.

Property transactions dipped slightly. An estimated 97,000 residential transactions took place in July on a seasonally adjusted basis. That’s 1.7% lower than June and 1.1% lower than July 2025.

It’s worth remembering that the UK HPI is based on completed sales, which typically take six to eight weeks to reach completion. So, the July figures give us a look at deals that were largely agreed earlier in the year.

What’s happening in England?

The average property in England was worth £293,000 in July.

That’s up 0.7% since June and 1.1% compared with July 2025.

The East Midlands saw the strongest monthly growth, with average prices rising by 1.7%.

For annual growth, the North East came out on top. Prices there were 4.9% higher than a year earlier, taking the average property value to £167,000.

The North West wasn’t far behind, with annual growth of 4.4% and an average price of £221,000.

The regional picture

There’s still a noticeable difference between different parts of England.

Yorkshire and the Humber recorded annual growth of 3%, while prices in the East Midlands increased by 1.9% and the West Midlands by 1.5%.

Growth was much flatter in the South. Prices in the South East were just 0.2% higher than a year ago, while the South West recorded a small annual fall of 0.2%.

London remained the weakest-performing region annually. The average London property was worth £550,000, down 3.3% compared with July 2025 and 0.1% month-on-month.

So while the national average is still moving upwards, what’s happening in your own area can look very different.

Which property types are performing best?

Semi-detached homes recorded the strongest annual price growth in England in July.

Average prices increased by:

• 2.7% for semi-detached homes

• 2.3% for terraced homes

• 1.4% for detached homes

Flats and maisonettes continued to move in the opposite direction, with average prices 3.5% lower than a year ago.

The difference was particularly noticeable in London, where flat and maisonette prices were down 6.6% annually.

What’s happening in Wales?

Average house prices in Wales increased by 1% between June and July, taking the average property value to £215,000.

Prices were also 2.6% higher than a year earlier.

As in England, semi-detached and terraced properties recorded stronger annual growth than flats, rising by 3.4% and 2.7% respectively.

What does this mean for buyers?

For buyers, July’s figures point to a market where prices are still rising nationally, but only modestly compared with a year ago.

And the regional differences matter. Buyers in areas such as London and the South West are looking at very different conditions from those searching in the North East or North West.

That makes it worth looking beyond the UK average when deciding what to offer. Recent sold prices and demand for similar homes in the local area will give you a much better idea of what’s happening where you want to buy.

What does this mean for sellers?

For sellers, the latest figures are another reminder that local pricing matters.

House prices are still higher nationally than they were a year ago, but growth varies considerably across the country. Buyers also have affordability and mortgage costs to think about, so setting an asking price that reflects your local market can help your home attract the right attention.

If you’re thinking about selling, looking at recent comparable sales and getting an up-to-date valuation can give you a clearer idea of what your home could achieve.

The bottom line

July’s HPI shows UK house prices continuing to edge upwards, with the average home now worth £273,000.

Monthly growth picked up to 0.7%, although annual growth remains modest at 1.4%. There are also some big regional differences, with the North East leading annual growth while prices in London remain below last year’s levels.

Whether you’re buying or selling, the national figures are a useful starting point, but your local market is what really matters.

Thinking about moving? Book your free valuation with Purplebricks to find out what your home could be worth in today’s market.