The May 2026 Halifax House Price Index was released earlier today – can any certainty be expected in uncertain times?
The Halifax House Price Index (HPI) for May 2026 was published today – we’ve put together an overview of what it covers.
The latest data shows that UK house prices decreased in May by -0.1%, following a similar -0.1% fall in April. The average house price now sits at £298,806. With annual growth slightly up to +0.5%, compared with +0.4% in April.
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 +7.8% annually, and an average home now costing £227,177. May also saw a strong annual growth of +3.8% for Scotland, taking the typical home value to £230,355.
Amanda Bryden, Head of Mortgages, Halifax noted that “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.“
The next Halifax House Price Index is scheduled for release on Tuesday 7th July 2026.