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UK house prices rose 2.7% in year to May, ONS data shows

Created at 22 Jul · 9:00 AM1 source↑ Market-relevant
IN SHORT

British house prices increased by 2.7% in the year to May, a slowdown from the 3.9% rise recorded in the year to April. Meanwhile, average UK monthly private rents increased by 3.3% in the year to June.

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Key Numbers

2.7%UK house price annual increase to May
3.9%UK house price annual increase to April (revised)
3.3%UK monthly private rent annual increase to June
3.3%UK monthly private rent annual increase to May

Who's Involved

Office for National Statistics
Provided UK house price and rent data
Suban Abdulla
Reported on UK housing market data
Andy Bruce
Edited report on UK housing market data
UK house prices rose 2.7% in year to May, ONS data shows

↳ Why This Matters

The slowdown in house price growth and continued rise in rents indicate shifting dynamics in the UK property market, potentially impacting affordability for both buyers and renters.

Key facts

  • UK house prices saw a 2.7% increase in the year ending May.
  • This represents a decrease from the upwardly revised 3.9% annual increase in house prices for the year ending April.
  • Average UK monthly private rents rose by 3.3% in the year to June.
  • The pace of rent increases in June matched the 3.3% annual increase seen in May.

    • British house prices experienced a 2.7% increase in the year leading up to May, according to data from the Office for National Statistics (ONS). This figure is a decrease from the previously reported 3.9% annual rise in house prices for the year ending April, which was subsequently revised upwards.

    In parallel, the ONS reported that average monthly private rents across the UK saw an increase of 3.3% in the year to June. This rate of rental price growth matched the pace observed in the twelve months leading up to May.

    The provided additional source details consumer price inflation data for May 2026, indicating that the Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.0% in the 12 months to May 2026, unchanged from April. The Consumer Prices Index (CPI) also remained unchanged at 2.8% year-on-year for the same period. Transport costs were the largest contributor to the monthly change in both CPIH and CPI annual rates, while food and non-alcoholic beverages provided a partial offset.

    Frequently asked questions

    UK house prices rose by 2.7% in the year to May.

    The annual increase to May was a slowdown from the upwardly revised 3.9% rise recorded in the year to April.

    Average UK monthly private rents increased by 3.3% in the year to June, matching the pace of the previous month.

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    Cadence

    How It Developed

    UK house prices rose 2.7% in the year to May.
    Average UK monthly private rents increased 3.3% in the year to June.

    Sources

    T1
    UK house prices rose by 2.7% in year to May, ONS data showsReuters
    T2
    Consumer price inflation, UK: May 2026ons.gov.uk

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