Halifax House Price Index January 2026

Key Takeaways

House prices rose by 0.7% in January, reversing December’s -0.5% fall and signalling a firmer start to 2026 rather than a continuation of the late-2025 softening in momentum.
Annual house price growth picked up to 1.0%, from 0.4% last month, indicating a modest re-acceleration in price momentum at the turn of the year.
The average UK house price increased to £300,077, rising above £300,000 for the first time on record and highlighting the cumulative effect of recent price resilience.
Northern Ireland remained the strongest-performing nation or region, with prices rising 5.9% year-on-year to £217,206, followed closely by Scotland (+5.4%).
Regional divergence widened further, with London, the South East, South West and Eastern England all recording annual price falls of more than 1%, reinforcing the continued underperformance of higher-priced southern markets.
Looking ahead, Halifax expects modest house price growth of around 1–3% in 2026, as easing mortgage rates and gradually improving affordability provide some support to the market.