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Halifax House Price Index
House prices in May 2026 were 0.5% higher compared to the same month a year earlier.
05 June: Halifax House Price Index – May 2026 (PDF, 143KB) 05 June: Halifax House Price Index – May 2026 (PDF, 143KB, opens in a new window)
May House Price Index headline statistics
Amanda Bryden, Head of Mortgages, Halifax, said:
'Average house prices remained broadly stable in May, with a slight fall of -0.1% matching that seen in April. The typical property now costs £298,806, while the pace of annual growth edged up slightly to +0.5%.
'Property price trends continue to reflect the uncertainty linked to developments in the Middle East. Despite recent cuts to mortgage rates, higher inflation expectations have kept borrowing costs above the level seen at the start of the year, continuing to stretch affordability for many buyers and temper demand.
'Even so, overall activity has held up well, reflecting the underlying resilience of the UK housing market. Latest industry figures show transaction levels remain relatively stable, suggesting buyers and sellers are still moving.
'Among first‑time buyers, annual growth is more subdued at +0.3%. While getting onto the property ladder remains a big challenge, there has been increasing support from lenders, including more flexible affordability checks and a growing range of low‑deposit options.
'Looking ahead, borrowing costs and consumer confidence are likely to continue shaping activity in the coming months, with house prices expected to remain broadly stable while interest rates stay elevated. The housing market remains closely tied to wider global developments, with a return to sustained house price growth dependent on an improvement in the inflation outlook and a fall in mortgage costs.'
Future press releases
Published at 7.00am on:
- Tuesday 07 July 2026
- Friday 07 August 2026
- Friday 07 September 2026
- Wednesday 07 October 2026
- Friday 06 November 2026
- Monday 07 December 2026
About the Halifax House Price Index
The Halifax House Price Index is the UK's longest running monthly house price series with data covering the whole country going back to January 1983.
From this data, a "standardised" house price is calculated and property price movements on a like-for-like basis (including seasonal adjustments) are analysed over time. The annual change figure is calculated by comparing the current month seasonally adjusted figure with the same month a year earlier.
S&P DJI, a world leader in critical information, analytics and solutions (NYSE: INFO) owns and acts as administrator for the Halifax House Price Index. For more information and details on how to access other indices from the Halifax House Price Index family go to the S&P Global website.
For all Halifax press releases, please see lloydsbankinggroup.com