Halifax House Price Index May 2026

Key takeaways

House prices edged down by 0.1% in May, matching the decline recorded in April, as affordability pressures and geopolitical uncertainty continued to weigh on the housing market.
Annual house price growth improved marginally to 0.5%, up from 0.4% in April, although quarterly growth remained weak at -0.2%.
The average UK house price declined slightly to £298,806, compared with £299,251 in April.
Northern Ireland continued to lead UK house price growth, with prices rising 7.8% YoY to £227,177. Scotland recorded growth of 3.8%, while the North East and North West saw annual growth of 3.1% and 3.0% respectively.
Regional divergence remains evident, with northern regions continuing to outperform, while the South East (-2.1%) and London (-1.5%) recorded annual house price declines.