UK house prices broadly flat in May as Halifax records 0.5% annual growth
Halifax reported the average UK home cost £298,806 in May, a 0.1% monthly dip with annual growth edging up to 0.5%. Higher inflation expectations have kept mortgage costs above where they started the year, stretching affordability and tempering demand even as activity holds up. For buyers, that means little pricing urgency; for sellers, realistic asking prices still matter more than holding out. This is resilience, not recovery — a flat market rather than a turning point.
What this means for…
Buyers· 2/3
Sellers· 2/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 6/9.
More Demand commentary
21 Oct 2026 · Impact 4/9
Four in 10 homes for sale in England have had their asking price cut, with reduced listings up 3.6% since August, eXp UK finds
19 Oct 2026 · Impact 7/9
New-seller asking prices rise 1% in October to £371,015, but sales agreed are 8% below last year, Rightmove finds
19 Oct 2026 · Impact 7/9
Asking prices rise 1.0% to £371,015 in October but are flat on a year ago as the average two-year fix climbs to 5.55%, Rightmove finds
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