Growth in house prices across the United Kingdom slowed during July 2026, according to figures from the leading market indices. The latest data points to a cooling in the pace at which property values are rising, even as prices continue to edge higher overall in most measures.
The picture that emerges is one of a market that is gradually losing momentum rather than falling away sharply. According to reports, each of the main indices recorded weaker annual growth than in the previous month, suggesting a broad softening right across the housing market.
One of the most widely followed measures comes from a major building society. According to reports, the Nationwide House Price Index recorded annual growth of 1.8 percent in July 2026, a slowdown from the 2.2 percent rate that had been registered in the previous month of June.
On a month-by-month basis, the movement in prices was more modest still. According to reports, the Nationwide index showed prices rising by 0.1 percent in July when compared with the previous month, pointing to only very marginal growth over the short term.
A second major measure showed an even more pronounced slowdown during the month. According to reports, the Lloyds House Price Index, which was formerly known as the Halifax index, recorded no change at all on a monthly basis in July, coming in at 0.0 percent.
The annual figure from the same index told a broadly similar story. According to reports, the Lloyds index showed annual growth of just 0.1 percent in July, a marked slowdown from the 0.6 percent rate that had been recorded a month earlier in June.
Alongside the lender-based indices, official data offers a further perspective on the market. According to reports, the Land Registry recorded a monthly increase of 0.1 percent in its most recent set of figures, which covered the month of May rather than July.
The annual figure from the official data pointed in much the same direction as the others. According to reports, the Land Registry showed annual growth of 2 percent, down from a rate of 2.7 percent in the previous release, reflecting the same broad cooling trend seen elsewhere.
A different measure, based on the prices at which homes are first put up for sale, showed an outright fall. According to reports, the Rightmove index of asking prices recorded a monthly decline of 1.0 percent during the month of July.
The annual comparison for asking prices was also negative. According to reports, the same measure showed asking prices down by 0.4 percent compared with a year earlier, a notable contrast with the modest gains that were seen in most of the other indices.
Taken together, the various measures point clearly in the same overall direction. Whether based on lender data, official records or asking prices, each index recorded a weaker reading than in the previous period, underlining the extent of the slowdown across the market.
The differences between the indices reflect the various ways in which they are calculated. Some are based on mortgage approvals, others on completed sales recorded officially, and others still on the prices that sellers are initially asking, which helps to explain the range of figures.
For buyers and sellers alike, the figures suggest a market that is steadier than the rapid rises seen in some earlier periods. A slower pace of growth can offer a degree of stability, even if it also points to more subdued conditions across the housing market overall.
Whether this cooling continues will depend on a range of factors in the months ahead, from interest rates to the wider health of the economy. For now, the July figures describe a housing market that is still rising in places, but at a distinctly slower pace than before.