Editor's note: This brief was summarised by The Property AI Team from a report by Property Industry Eye. Read the original article for full details.
Nationwide Reports UK House Price Growth of 2.2% in June
Nationwide’s June House Price Index shows that UK annual house price growth increased to 2.2% in June 2026, up from 1.7% in May. The average UK house price in June was £277,484, according to the report.
The data reveals that Northern Ireland was the best performing region, with house prices rising by 8.6% year-on-year in Q2 2026. In contrast, the Outer South East was the weakest performing region, recording a 0.1% annual rise. All thirteen UK regions saw positive annual house price growth in Q2, with most regions experiencing growth between 0% and 4%.
The report notes that, after seasonal adjustment, house prices were broadly flat month-on-month in June. The average UK house price in May was £278,024, showing a slight decrease compared to June.
For letting agents and inventory clerks, the regional breakdown is particularly relevant. The North West and North regions both saw annual price growth of 3.9% in Q2, while Scotland and Wales each recorded a 3.5% increase. London’s annual growth was 1.6%, with an average price of £540,903. The West Midlands saw a 3.2% rise, and Yorkshire & The Humber recorded 2.9% growth.
The report highlights that Northern Ireland’s strong price growth has led to a deterioration in housing affordability in the region. The mortgage payment on a typical first-time buyer property in Northern Ireland is now equivalent to 31% of an average earner’s take-home pay, up from 24% in Q2 2022. However, this remains below the UK average of 33%.
Source: Property Industry Eye