The UK House Price Index (HPI) for August 2026 reveals that, on average, house prices have risen by 0.3% since the previous month. This brings the annual increase to 0.9%, with the average UK property now valued at £273,000.
In England, house prices saw a monthly increase of 0.7% since June 2026, resulting in an annual price rise of 1.1%. The average property value in England now stands at £293,000. London recorded the most significant monthly increase at 0.7%, while the North East experienced the largest annual price rise, up by 3.2%. Conversely, London saw the lowest annual price growth at -2.2%, and the North East experienced the biggest monthly price fall of -0.6%.
Wales reported a 1% monthly increase in house prices since July 2026, with an annual rise of 3.1% pushing the average property value to £216,000. There were 4 repossession sales recorded in Wales in June 2026.
The report also highlights that figures for the two most recent months are not being published for new builds due to insufficient transaction data for a meaningful result. The UK HPI is based on completed housing transactions, which typically take 6 to 8 weeks to finalise. The Office for National Statistics (ONS) and Land & Property Services/Northern Ireland Statistics and Research Agency calculate the index using a hedonic regression model.
In August 2026, the estimated number of residential property transactions valued at £40,000 or greater was 95,000, a 1.9% decrease compared to August 2025. Seasonally adjusted UK transactions decreased by 1.5% between July and August 2026.
