Slight delay in the release by the source. UK house prices continue to edge up in February, with the average property price now touching £301,151 – marking a new record high. The annual growth for house prices also accelerated further to 1.3%, its strongest in four months.

Halifax notes that:

“The housing market built on its steady start to the year in February, with average prices rising by
+0.3%, following an increase of +0.8% in January. Annual growth also picked up to +1.3%, its
strongest rate for four months. Since the start of the year, average prices have increased by around
£3,000, with a typical property now costing £301,151.

These latest figures suggest the market has regained some momentum after a softer end to 2025.
While industry data for January show a slight easing in new mortgage approvals, overall activity has
continued to prove resilient.

There’s no doubt that affordability remains stretched, supply is constrained, and regional disparities
persist. For those without family support, the path to home ownership feels particularly challenging.

However, conditions have been gradually improving, with easing interest rates and real wage growth
helping to support buyer confidence. As ever, timely and expert advice remains key to helping more
people achieve their goal of stepping onto the property ladder.

Looking ahead, geopolitical uncertainties seem set to influence the outlook for inflation and the wider
economy. Against that backdrop, markets are now anticipating a more gradual path for interest‑rate
reductions. If realised, the speed at which borrowing costs ease may be tempered.”