Nick Leeming, Chairman of Jackson-Stops, comments in response to the ONS Private Rents and House Price data published today.
- Average UK house prices increased by 2.7%, to £271,000, in the 12 months to May 2026 (provisional estimate); this annual growth rate is down from 3.9% in the 12 months to April 2026.
- Average UK monthly private rent increased by 3.3%, to £1,388, in the 12 months to June 2026 (provisional estimate); this annual growth rate remained unchanged from the 12 months to May 2026.
"The latest figures suggest the housing market has maintained positive price growth through the spring, supported by steady underlying demand. The market is becoming increasingly balanced, with buyers exercising greater choice and sellers recognising the importance of realistic pricing.
"Across the country, we continue to see strong demand for well-presented homes that are priced in line with local market conditions. At the same time, increased levels of available stock are creating a more competitive environment, meaning ambitious pricing strategies are less likely to succeed than they were in more supply-constrained markets.
"Recent indicators suggest buyers are becoming increasingly selective as affordability pressures and borrowing costs continue to influence decision-making. Our latest research found that 42% of those whose moving plans had been delayed cited economic uncertainty as a reason, underlining the importance of greater stability and policy certainty in sustaining market activity. This is creating a more considered market where transactions are being driven by value and quality rather than urgency.
"There is also a strong case for addressing the costs that discourage existing homeowners from moving. Our latest research suggests that removing Stamp Duty costs could bring more than 300,000 owner-occupied homes onto the market across England within less than a year. Unlocking even part of that potential supply would increase choice, enable more people to move into homes that better meet their needs and help transactions flow more freely across the market
"Looking ahead, market activity will increasingly depend on economic stability and policy certainty. As the Government develops its housing agenda, the industry will be looking for measures that support housing delivery, improve affordability and mobility, and give both buyers and sellers the confidence to plan for the longer term. While the market remains resilient, sustained growth will depend on creating the right conditions for activity across all parts of the housing market."
