UK House Prices Up 1.2% to £268,000 in Year to February 2026

UK house prices rose by 1.2 percent in the 12 months to February 2026, lifting the national average to 268,000 pounds, according to figures from the Office for National Statistics. The increase marked a slight acceleration from the 1.0 percent growth recorded in the year to January and reflected modest gains across most regions, though London's market continued to decline.

In England, average prices reached 290,000 pounds, up 0.8 percent annually. Wales saw stronger growth of 2.5 percent, with prices averaging 210,000 pounds, while Scotland recorded a 2.3 percent rise to 187,000 pounds. Northern Ireland's average stood at 196,000 pounds in the fourth quarter of 2025, a 7.5 percent increase from the previous year. Among English regions, Yorkshire and the Humber led with 3.9 percent annual growth, followed by the North East at 3.6 percent. London, however, experienced a 3.3 percent annual drop to 542,000 pounds, the seventh consecutive monthly decline and the smallest such fall since January 2024.

The data, based on completed housing transactions, showed a 0.1 percent monthly rise from January to February across the UK. Transactions totaled 102,000 in February, down 5.6 percent...