UK House Price Index Update: February 2026

The UK House Price Index (HPI) is updated monthly, with February’s release reflecting changes that took place across the UK during December 2025. It’s been a mixed month for house prices. 

So, here are the headlines.

The HPI headlines

According to the latest government data, the average price of a home in the UK in December 2025 was £270,000. On average, this reflects a month-to-month fall of 0.7%, and an annual price rise of 2.4%.

While prices dipped slightly compared to November, values remain higher than they were a year ago.

Regional breakdown

The average price of a home in England was £292,000, up 1.7% annually, although prices fell 0.7% month-on-month. The North East recorded the strongest annual growth at 4.6%, while London saw the weakest performance, with prices down 1% year-on-year. On a monthly basis, the East Midlands experienced the largest increase (+0.4%), while the South West saw the biggest monthly fall (-1.7%).

In London, the average property price was £551,000, reflecting a 1% annual decrease and a 0.8% monthly fall, continuing the capital’s softer performance compared to other regions.

In Wales, prices rose 5% over the year to an average of £215,000, with a notable 2.6% monthly increase, making it one of the stronger performing areas in this release.

The latest available data for Northern Ireland (Q4 2025) shows average prices of £183,259, representing a 9.0% annual increase, the highest annual growth rate across the UK.

UK house prices

UK house prices rose by 2.4% in the year to December 2025, although they fell by 0.7% between November and December on a non-seasonally adjusted basis.

There were an estimated 100,000 residential property transactions in December 2025 (seasonally adjusted), which is 4.7% higher than December 2024, but slightly down compared to November.

What’s happening to house prices near me?

Curious about house prices in your area? Dive into your local neighbourhood’s house prices with our interactive House Price Index tool. You can also see the average cost of homes near you and how different property types are performing.

And if you’d like to know exactly what your home is worth right now, whether you’re thinking of selling or planning your next move, book a free valuation to get started.