United Kingdom · Property Prices

Average home: £270,080.
London: falling.

The official UK average rose 3.8% in the year to April 2026 — but London fell 2.1% while the North East rose 9.9%, and asking prices just posted their biggest June drop in 14 years. Here's the whole board, in registered-sale numbers, with what each figure actually measures.

Figures verified 8 July 2026

The market in official numbers

The benchmark is the UK House Price Index (HM Land Registry / ONS), built from registered transactions — actual sale prices, not hopes. April 2026, the latest published month (provisional): average price £270,080 (~€316,000 / ~$370,000), up 3.8% year on year — the highest annual rate since March 2025 — and up 0.7% on the month.

Rightmove's asking-price index tells a different story: national average asking price £376,191 in June 2026, down 0.6% on the month and 0.5% on the year — the biggest June fall in 14 years, with a record number of homes for sale. Mind the gap: asking prices (~£376k) sit well above the transaction-based average (~£270k). Every figure on this page is labelled as one or the other.

Affordability, roughly. The median full-time salary was £39,039 (April 2025, ONS ASHE). Against the £270,080 average that's about 6.9× a median salary — around 14.2× in London. Our arithmetic from published figures, not an official statistic. Average private rent: £1,383/month (May 2026, +3.3% y/y, ONS).

Prices area by area

AreaAverage price≈ EUR≈ USDAnnual changeBasis
United Kingdom£270,080€316,000$370,000+3.8%OFFICIAL — UK HPI, Apr 2026
England£291,000€340,000$398,000+3.9%OFFICIAL — UK HPI, Apr 2026
Scotland£192,000€225,000$263,000+2.8%OFFICIAL — UK HPI, Apr 2026
Wales£212,000€248,000$290,000+3.5%OFFICIAL — UK HPI, Apr 2026
Northern Ireland£198,000€232,000$271,000+7.4%OFFICIAL — UK HPI, Q1 2026 (quarterly)
London£553,000€647,000$757,000−2.1%OFFICIAL — UK HPI, Apr 2026
South East£377,000€441,000$516,000—OFFICIAL — UK HPI, Apr 2026
South West (region)£362,000€424,000$496,000—OFFICIAL — ONS, Apr 2026
Edinburgh£295,000€345,000$404,000+2.0%OFFICIAL — ONS local, Apr 2026
Manchester£247,000€289,000$338,000+1.3%OFFICIAL — ONS local, Apr 2026
Cornwall£277,000€324,000$379,000+2.4%OFFICIAL — ONS local, Apr 2026
Cotswold district£391,000€457,000$535,000−1.2%OFFICIAL — ONS local, Apr 2026
East Devon£343,000€401,000$469,000—OFFICIAL — ONS local, Mar 2026
UK asking price (for contrast)£376,191€440,000$515,000−0.5%ASKING — Rightmove, Jun 2026

Conversions at £1 = €1.17 and €1 = $1.17 (8 July 2026), rounded. The North East posted the UK's fastest growth, +9.9% y/y — the April 2026 HPI summary reports the rate but no average value for the region. Cotswold note: prime villages trade far above the district average. Rightmove's June colour: Scotland strongest at +0.8% on the month, averaging 31 days to find a buyer.

No official county-wide Devon figure. A "Devon average of £324,000" circulates on agent sites; we could not verify it from an official source, so we don't publish it. The official district figures — East Devon £343,000, Mid Devon £292,000 — are what exists.

Where our numbers come from

UK House Price Index (HM Land Registry, ONS, Registers of Scotland, LPS NI) — monthly average prices from registered sales, down to local-authority level; Northern Ireland updates quarterly. This is the gold standard, but it lags: registrations take weeks, and recent months are provisional. ONS also publishes the monthly "Private rent and house prices, UK" bulletin, combining the HPI with its official rent index.

Rightmove — the UK's largest portal — publishes a monthly asking-price index (116,767 listings measured in June 2026), plus a free sold-price lookup. Zoopla publishes a monthly house price index and rental report. ESPC covers Edinburgh and the Lothians with monthly selling-price reports.

Honesty note. Asking prices run above final sale prices — sellers hope, buyers negotiate. Use portal figures to read momentum and browse stock; use the Land Registry figures to know what homes actually sell for.

What to watch

A two-speed country. London fell 2.1% over the year to April 2026 while the North East rose 9.9% — the capital and the cheapest regions are moving in opposite directions. A UK-wide average tells you almost nothing about the town you're shortlisting; work region by region.
Buyer's-market conditions. Rightmove reports the largest June asking-price fall in 14 years amid a record number of homes for sale. For a cash-rich incomer, that's negotiating room — on asking prices that were optimistic to begin with.
The tax, not the price, is the newcomer trap. Non-UK-resident buyers pay a 2% SDLT surcharge in England and Northern Ireland on top of standard rates, plus higher rates if you keep a home in the US or Canada. Check current rates on GOV.UK before you budget — and see our UK housing hub for the worked example.
Second-home council tax premiums. Many councils in Wales, Cornwall, Devon and elsewhere now charge premiums of up to 100–300% of council tax on second homes. If the plan is "buy a holiday base first, move later," price the premium for the specific council before you offer.
One statistical wrinkle. April 2025 stamp-duty changes still distort year-on-year comparisons around spring 2025 — the ONS flags this in the April 2026 HPI summary. Don't over-read single-month swings.

Sources

  1. UK average, nations, regions, annual changes: HM Land Registry / ONS, UK House Price Index summary, April 2026 (provisional) — gov.uk
  2. Asking prices: Rightmove House Price Index, 15 June 2026 — rightmove.co.uk/news/house-price-index
  3. City and district figures: ONS local housing prices — Edinburgh, Manchester, Cornwall, Cotswold, East Devon
  4. Rents: ONS, Private rent and house prices, UK — June 2026 bulletin — ons.gov.uk
  5. Median salary: ONS Annual Survey of Hours and Earnings 2025 — ons.gov.uk; price-to-earnings ratios are our calculation
  6. UK HPI data tool: landregistry.data.gov.uk/app/ukhpi
  7. Exchange rate £1 = €1.17 (8 July 2026): exchangerates.org.uk; €1 = $1.17 (8 July 2026)
This page is general information, not legal or investment advice. Verify current tax rates on GOV.UK and engage your own solicitor or conveyancer before any purchase.
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