Annual UK House Price Growth Picks Up to 2.2% in June
By Benjamin Owoicho Adah | July 3, 2026
UK annual house price growth reached 2.2% in June, lifting the average UK property value to £277,484. The acceleration is largely driven by improved affordability from lower fixed-rate mortgages. You can track the full breakdown of these figures on the Nationwide House Price Index portal
Regional Performance (Q2 2026):
|
Region |
Average Price |
Annual Growth |
|
Northern Ireland |
£226,699 |
8.6% |
|
North West |
£231,415 |
3.9% |
|
North East |
£173,756 |
3.9% |
|
Scotland |
£195,928 |
3.5% |
|
London |
£540,903 |
1.6% |
|
Outer South East |
£341,175 |
0.1% |
What's Driving This: Robert Gardner, Nationwide's chief economist, noted that recent shifts in market expectations for the Bank of England base rate have helped bring down fixed-rate mortgage pricing. "If maintained, these trends will help to restore household confidence and ease affordability constraints". However, he cautioned that "domestic political uncertainty" could dampen sentiment.
These observations highlight how falling market interest rates are easing mortgage costs. Coupled with stabilizing energy prices, this environment has pushed UK annual house price growth to 2.2% with the average price reaching £277,484. However, the broader housing market recovery remains sensitive to domestic and geopolitical sentiment. [1, 2]
Explore the latest market movements and detailed regional figures through the Nationwide House Price Index. [1]
Northern Ireland continues to lead the market with 8.6% annual growth, while the Outer South East lags with just 0.1% growth.