EXPRESS INDEX - HOUSING MARKET UPDATE - September 2026

There are many UK housing market indexes released every month and we are attempting to provide the ultimate, comprehensive overview to the very fragmented reports available.

UK HOUSING MARKET SNAPSHOT

Average House Price
(Price Paid)

£272,000

Monthly Change 0.7%

Annual Change 1.4%

5 Year Change 17.94%

Source: HM Land Registry

Average House Price
(Asking Price)

£367,440

Monthly Change 0.7%

Annual Change -0.8%

5 Year Change 13.41%

Source: Rightmove

Number of Sales Completed

52150

Monthly Change 3.2%

Annual Change -20.2%

5 Year Change -53.51%

Source: HM Land Registry

Sales Agreed

Annual Change 2.0%

Source: Rightmove

Total Available Properties

657,355

Available Properties Change

Monthly Change 1.23%

Average Time on Market

61 days

Source: Home

Average Time to Sell

64 days

Source: Rightmove

Price Reductions

0.49% properties price reduced last month

Source: Home

Mortgage Approvals

Annual Change -14.9%

Source: Bank of England

POSTCODE DISTRICT DATA
  • For the ‘Price Paid Data’ we use the most recent HM Land Registry data for home sales in England and Wales between September 2023 - March 2024.
  • We use a rolling 6 month snapshot of home sales in each localised Postcode District to reduce potential volatility.
  • In order to reduce the effect of outliers. We calculate average Postcode District prices using the median rather than the mean. This creates a more realistic representation of local transactions.
  • Traffic light system key:
    Green = Yoy > 2%
    Amber = Yoy >= -2% and Yoy <= 2%
    Red = Yoy < -2%
Price Paid Data
Asking Price Data
REGIONAL HOUSE PRICES
22
333
444
NATIONAL HOUSING MARKET COMMENTARY

"The average asking price of newly-listed properties for sale rises by 0.7% (+£2,441) this month to £367,440, the first increase to property asking prices since May. September’s increase to prices is also larger than the ten-year September average of 0.5%, which is an early sign of the usual Autumn market bounce after a subdued summer. September is traditionally a busier period for the housing market as potential movers return from summer holidays and refocus on buying and selling plans for the rest of the year, and so seasonal factors are largely at play for the monthly increase. Several heatwaves and the World C up also created conditions for a particularly quiet summer this year, giving some scope for a greater rebound in prices as more buying activity returns for the Autumn. However, there is considerable ground to make up after this summer’s run of monthly falls, and prices remain 0.8% below this time last year, and 2.3% below where they were at the start of summer. It’s a challenging and crowded market for sellers, with the number of homes available on the market for sale at a 12-year high for the time of year and buyer affordability still stretched."

"The August 2026 RICS UK Residential Market Survey results continue to portray a relatively challenging backdrop, with activity indicators still in negative territory, albeit gradually moving off the lows recorded earlier in the year. At the same time, the macroeconomic environment remains difficult, with recent changes in interest rate expectations likely to prove unhelpful for any budding recovery across the sales market. Nevertheless, forward-looking sentiment points to a more stable picture emerging for activity in the near term, while respondents foresee a slight improvement in sales volumes over the year ahead."

REGIONAL HOUSING MARKET COMMENTARY

"At the regional level, London continues to exhibit a steeper rate of decline than the UK average in net balance terms, although the latest reading is less negative than that recorded last month. As has been the case for some time, Northern Ireland continues to buck the broader UK trend, with prices still rising. Similarly, the North West of England has experienced a sustained period of gentle house price growth in recent months."

"House prices continue to increase at an above-average rate across Northern England and the Midlands with prices 1.7% higher in Yorkshire and Humberside and 3.1% higher in the North West."

HOUSE PRICE PREDICTIONS FOR 2025

Tim Bannister, Property Expert at Rightmove: 4% rise

“More people choosing to make their move in 2025, teamed with lower mortgage rates, could push house prices up by 4% over the course of 2025… The big picture of market activity remains positive… which sets us up for what we predict will be a stronger 2025 in both prices and number of homes sold.”

Amanda Bryden, Head of Halifax Mortgages: 0% to +3% rise

“We expect modest house price growth in 2025, likely a little lower than this year at up to +3%… While further cuts to Bank Rate are still on the cards, the pace looks likely to be more gradual than previously anticipated… buyer demand should continue to hold up well.”

Richard Donnell, Executive Director at Zoopla: 2.5% rise

“The housing market has been resilient… Higher income growth and lower mortgage rates have helped reset housing affordability… We expect this to continue over 2025.”

Lucian Cook, Head of Residential Research at Savills: 1% rise

“Interest rates have fallen as expected, giving buyers a bit more financial capacity than they had a year ago… Greater geopolitical uncertainty… has made predicting the precise path of further cuts more challenging.”

Nick Barnes, Head of Research at Chestertons: 3.4% rise

“Chestertons forecasts that property prices will rise by 3.4% across the UK and 3% in London in 2025, supported by lower mortgage costs, modest but consistent growth for the UK economy and inflation staying around the Bank of England’s 2% target.”

HOUSE PRICE PREDICTIONS
IMPORTANT LIABILITY STATEMENT

An ExprEstimate is simply an estimation of what your property could be worth in current market conditions. This is calculated using an automated computerised system. We use a number of publicly available data sources to help calculate our estimations, maps, tables and other content. This data may be inaccurate or incomplete at times and therefore must not be relied upon. Our valuation estimations, maps and tables are provided to you for personal use, general interest and to provide homeowners with a useful starting point when trying to assess their property’s current value and the UK property market in general. These estimates, maps, tables and any other content should not be relied upon for any type of commercial transaction. We strongly recommend that you seek a professional valuation from a qualified surveyor / qualified professional before any property sale, purchase, mortgage or related purposes. We shall not be liable for any losses you or anyone else suffers as a result of relying on the valuations, maps, tables and any other content. This includes not being liable for any loss of profit, loss of bargain, loss of capital through over-payment or under-sale or for any indirect, special or consequential loss. We cannot and do not guarantee that the Service will be constantly available or error-free. Also, our liability to you is limited to £100. WE DO NOT EXCLUDE OR LIMIT OUR LIABILITY FOR ANYTHING WE ARE NOT ALLOWED TO AND YOUR STATUTORY RIGHTS AS A CONSUMER ARE NOT AFFECTED BY ANY OF THESE TERMS AND CONDITIONS.