Annual UK House Price Growth Decelerates to 2.7% in May

The United Kingdom's residential property market witnessed a notable slowdown in annual price growth during May 2026. This deceleration indicates a shift from the momentum observed in earlier periods, impacting investor and homeowner sentiment across the nation.

Data for May 2026 revealed that annual house price growth across the UK reached 2.7%. This figure represents a decrease from the 3.9% annual growth reported in the previous month, April, highlighting a considerable moderation in the pace of appreciation.

Significant disparities in market performance were evident across different regions. Northern Ireland led the country with a robust 7.4% annual growth, demonstrating stronger demand or limited supply in that specific market. In contrast, London experienced a decline, with property prices falling by 3.7% over the same twelve-month period, indicating localised pressures in the capital's housing sector.