Halifax House Price Index February 2026

Key takeaways

House prices rose by 0.3% in February, following January’s 0.8% increase, with upward momentum continuing despite continued affordability pressures.
Annual house price growth strengthened to 1.3%, from 1.1% in January, marking the strongest annual increase in four months and pointing to a gradual improvement in price momentum.
The average UK house price increased to £301,151, moving further above the £300,000 threshold.
Northern Ireland remained the strongest-performing market, with prices rising 6.3% year-on-year to £218,608, while Scotland also recorded robust growth of 4.7% and Wales saw prices rise 2.4% annually.
Regional divergence remains with northern markets continuing to outperform while London (-1.0%) and the South East (-2.2%) recorded annual price declines.
Looking ahead, Halifax expects the housing market to remain relatively stable through 2026, with easing interest rates and rising wages offering some support, although affordability constraints and economic uncertainty are likely to keep price growth low.