Halifax House Price Index March 2026

Key takeaways

House prices fell by 0.5% in March, reversing February’s 0.3% increase, as momentum at the beginning of the year faded due to rising economic uncertainty.
Annual house price growth slowed to 0.8%, down from 1.2% in February.
The average UK house price declined to £299,677, slipping back below the £300,000 threshold, for the first time since December 2025.
Northern Ireland remained the strongest-performing market, with prices rising 8.7% year-on-year to £224,809, while Scotland recorded solid growth of 4.4% and the North East saw notable rises of 5.0%.
Regional divergence persists, with northern markets continuing to outperform, while London (-1.2%) and the South East (-1.9%) saw annual price declines.
Halifax expects house prices to remain relatively resilient, although higher mortgage rates, inflation concerns, and geopolitical uncertainty are likely to weigh on buyer confidence and keep market activity subdued in the near term.