Average UK House Prices Hold Steady – What Does It Mean for You?

Annual UK house growth held steady at 2.2% in June compared to 1.7% in the previous month, amid rising energy prices and ongoing conflict in the Middle East, according to new data from Nationwide.

Currently, the average property price sits at £277,484 in the 12 months to June 2026, slightly lower than in May, which recorded £278,024 once seasonally adjusted.

Homes in Northern Ireland saw the biggest increase with the average property price soaring 8.6% to £226,699 year on year from April to June 2026.

However, prices are still higher compared to the same period last year when the average house price was £273,427.

The table below shows how much average property prices have changed:

* Seasonally adjusted figure (note that monthly % changes are revised when seasonal adjustment factors are re-estimated)

The stagnation in house prices reflects continued uncertainty about increasing energy costs and developments in the Middle East.

Robert Gardner, Nationwide’s Chief Economist, said:

“While geopolitical tensions remain high, the signing of a memorandum of understanding between Iran and the US helped push oil prices back towards the levels prevailing before the conflict began.

“If the energy shock continues to subside, the Bank of England may not need to raise interest rates, or at least by less than had previously been anticipated – a view reinforced by the fact that UK inflation has also been lower than expected in recent months.

“In recent weeks a shift in market expectations for the future path of Bank Rate has helped to bring down the market interest rates which underpin fixed-rate mortgage pricing.

“If maintained, these trends will help to restore household confidence and ease affordability constraints, paving the way for a recovery in housing market activity in the coming quarters, providing that domestic political uncertainty does not adversely impact sentiment.

What does this mean for you?
Whether you’re looking to buy, sell or remortgage, it’s vital to get into the best financial position possible to buy a home.

Taking time to review your finances, particularly your house deposit and credit score if you’re applying for a mortgage, can help boost your chances of getting a good deal.

It’s also vital to set enough money aside for additional costs such as a house survey, legal fees and moving costs.

One way to maximise your savings is by using a top-rate savings account or Cash ISA. If you have a longer time horizon, of at least 5 years, using a Stocks and Shares ISA could help you build up a pot to help with homebuying costs.

Another product to consider is a Lifetime ISA, if you’re a first-time buyer, depending on the value of the home you’re looking to purchase.

For more tips, check out our podcast episode: The Truth About Buying a Home.