UK house prices were static in the year to March 2026, according to the Land Registry.

The average property in the UK is valued at £268,000, the same as in March 2025, according to Registry data.

On a non-seasonally adjusted basis, average house prices in the UK fell by -0.4% between February 2026 and March 2026, compared with a increase of 1.2% from the same period 12 months ago.

There were 104,000 UK homes sold in March 2026 with a value of more than £40,000, according to seasonally-adjusted figures.

This is 40.9% lower than a year ago. Between February 2026 and March 2026, UK transactions increased by 1.3% on a seasonally-adjusted basis.

In England the data shows the average house price fell by 0.5% since February 2026. The annual price fall of 0.6% takes the average property value to £290,000.

The highest monthly house price increase was in the East Midlands, where prices increased by 0.3% in the year to March 2026.

The highest annual growth was also in the East Midlands where prices rose by 0.7% in the 12 months to March 2026.

The West Midlands saw the biggest monthly price fall, with a drop of -1.6%.

London saw the lowest annual price growth, with prices falling -2.1%.

Wales shows, on average, house prices rose by 0.6% since February 2026. An annual price increase of 2.9% takes the average property value to £213,000.

There were four repossession sales for Wales in December 2025.

Quilter financial planner Ian Futcher said: “London continues to stand out as the weakest major market. Prices in the capital were down 2.1% year on year, the poorest performance of any English region, underlining how stretched affordability remains at higher price points. Even with only modest monthly moves, London is clearly bearing the brunt of tighter borrowing conditions, with buyers far more sensitive to mortgage costs than in cheaper regions.

“It is also important to put this data in context as the data set is based on completed transactions, and with a typical six to eight week gap between agreeing a deal and completion, March’s figures largely reflect decisions taken earlier in the year. Crucially, these slightly depressed readings were recorded at a point when affordability was actually improving somewhat, as mortgage rates had eased back and confidence was stabilising.”