UK Property

UK house prices rise 1.2%: ONS – Mortgage Finance Gazette


The average UK ⁠house price ​rose by ​1.2% in ‌the year ⁠to February to £268,000, the Office for National Statistics ​said, after a 1% rise in the year to January.

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Average house prices increased to £290,000 (0.8%) in England, £210,000 (2.5%) in Wales, and £187,000 (2.3%) in Scotland, in the 12 months to February 2026.

The average UK monthly private ‌rent increased by 3.4% in the year ​to March to £1,377, compared ‌with 3.6% in the 12 months ⁠to ⁠February, ‌the ONS said.

This is ​the ​smallest ‌rise in four years.

Average rents increased to £1,434 (3.4%) in England, £830 (4.8%) in Wales, and £1,022 (2.1%) in Scotland, in the 12 months to March 2026.

In Northern Ireland, average rents increased to £880 (5.0%), in the 12 months to January 2026.

In England, private rents annual inflation was highest in the North East (6.5%), and lowest in London (1.7%), in the 12 months to March 2026.

All figures are provisional estimates.



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