UK house prices were seen steady, growing slightly again in February. That brings the average price of a dwelling in the UK to £273,176. The annual house price growth keeps unchanged as in January at +1.0%. Nationwide notes that:

“This reinforces the view of a modest recovery after a dip at the end of 2025, most likely reflecting uncertainty around potential property tax changes ahead of the Budget. Nevertheless, the number of mortgages approved for house purchase remain close to the levels prevailing before the pandemic…

Housing market activity is likely to recover in the coming quarters, especially if the improving affordability trend seen last year is maintained as expected.”