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UK house prices rose by 1% year-on-year in January, according to figures released Monday by the Nationwide House Price Index, marking an increase from 0.6% annual growth in December.
On a month-to-month basis, prices increased by 0.3% after seasonal adjustment. The average UK home price stood at £270,873, slightly below the level recorded in December.
Nationwide’s Chief Economist Robert Gardner said housing market activity slowed toward the end of 2025, likely due to uncertainty surrounding possible property tax changes ahead of the Budget. However, he noted that mortgage approvals for home purchases have remained close to pre-pandemic levels, suggesting the market is expected to pick up again in the coming quarters.
