29/05/2026
π UK House Price Update β May 2026
The latest UK House Price Index shows the property market remains resilient despite ongoing economic uncertainty.
π‘ Key Highlights:
β
UK house prices are up 1.5% year-on-year
β
Sales agreed are 1% higher than this time last year
β
First-time buyers are targeting homes worth Β£10,000 more than a year ago (+4.3%)
β
Northern regions continue to outperform, with house prices rising by over 3% in some areas
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More sellers are entering the market, with homes listed for sale up 3.4%
π¬ What does this mean for buyers and sellers?
For First-Time Buyers:
There is still good choice available, and while mortgage rates remain higher than earlier in the year, affordability changes have opened up opportunities for many buyers.
For Home Movers:
Well-priced properties are continuing to sell. Accurate pricing and strong preparation remain key to achieving a successful move.
For Sellers:
Buyers are becoming more selective, especially in southern regions. Setting the right asking price from day one is more important than ever. Overpriced homes are taking longer to sell.
At Kerr Contact Kerr Property Solutions for expert sales & mortgage advice tailored to you., we help sellers and buyers understand their affordability and secure the right mortgage solution for their circumstances.
π Thinking about buying your first home, moving home, or reviewing your mortgage options? Get in touch today for expert advice 01698 683030
