Nick Leeming, Chairman of Jackson-Stops, comments in response to the ONS Private Rents and House Price data published today - 20th May 2026
- Average UK house prices remained unchanged (0.0%), at £268,000, in the 12 months to March 2026 (provisional estimate); this annual growth rate is down from 1.7%, in the 12 months to February 2026.
- Average UK monthly private rents increased by 3.5%, to £1,381, in the 12 months to April 2026 (provisional estimate); this annual growth rate is up from 3.4% in the 12 months to March 2026.
In response to the ONS House Price Index data published today which showed that average UK house prices remains unchanged by 0.0% at £268,000, in the 12 months to March 2026, Nick Leeming, Chairman of national estate agency Jackson-Stops, comments:
"The latest figures point to a housing market where price growth remains subdued, with affordability pressures and higher borrowing costs continuing to keep buyers highly price conscious.
"While demand remains present, buyers are approaching decisions more cautiously and are increasingly prepared to negotiate harder on pricing, particularly where properties are perceived to be overpriced or require additional investment. This is limiting upward pressure on values and, in some areas, contributing to modest price adjustments.
"Compared with this time last year, the market is operating with less urgency and greater emphasis on value. Stronger regional markets and well-positioned homes continue to perform steadily, but sellers are having to adapt to a more competitive and price-sensitive environment overall.
"Looking ahead, the direction of mortgage rates and wider economic confidence will remain central to market performance over the coming months. Recently sparked political uncertainty and fluctuations in financing costs are making conditions harder to predict, and we expect buyers to remain selective until there is greater clarity around the interest rate outlook."
