The March 2026 Halifax House Price Index was released earlier today – how has Q1 been?
The Halifax House Price Index (HPI) for March 2026 was published today – we’ve put together an overview of what it covers.
The latest data shows that UK house prices decreased in March by -0.5%, following a +0.3% rise in February. The average house price now sits at £299,677 – back below £300k. With annual growth slowing to +0.8%, down from +1.2% in February.
Keeping consistent, the index shows Northern Ireland continuing to record the strongest property price growth of any nation or region in the UK, with average prices up +8.7% annually, and an average home now costing £222,716. March also saw a modest increase of ~+1.6% for Wales, taking the typical home value to £230,909.
Amanda Bryden, Head of Mortgages, Halifax noted that “The pace of annual growth has also eased, slowing to +0.8 per cent from +1.2 per cent the previous month, suggesting the market has lost some momentum as spring begins. The recent slowdown in the housing market reflects the wide uncertainty regarding the conflict in the Middle East. Concerns about higher energy prices have pushed up inflation expectations, which in turn led to a rise in mortgage rates, reducing confidence that interest rates will be cut this year and dampening the initial momentum in the market seen at the start of the year.”
The next Halifax House Price Index is scheduled for release on Friday 08 May 2026.