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

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.