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1h ago

UK House-Price Growth Cools to 2.6% in September as Rents Rise 5.0% in October

Falling inflation is increasing bets on a December rate cut that analysts say could lift housing activity in early 2026.

A view of a row of residential houses in London, Britain, January 23, 2025. REUTERS/Hannah McKay
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Overview

  • The average UK house price reached £272,000, while the average private rent rose to £1,360 per month, according to the latest official data.
  • Regional price changes varied: England £293,000 (+2.0%), Wales £209,000 (+2.7%) and Scotland £194,000 (+5.3%), with Northern Ireland averaging £193,000 in Q3 (+7.1%).
  • Within England, Yorkshire and the Humber posted the fastest annual house price rise at 4.5%, while London fell 1.8% year on year.
  • UK rental inflation eased for a tenth consecutive month, and the ONS reported CPI slowing to 3.6% in October.
  • Market commentators cite a structural shortage of homes and note that the Autumn Budget and a possible December rate cut could shape momentum into 2026.