Your home's value crept up in June 2026

Don't get too excited. Prices barely moved between May and June once you strip out seasonal effects. The annual figure crept up from 1.7% in May, but month-to-month prices went nowhere.

All UK regions posted price rises in the second quarter. Northern Ireland leads, up 8.6% on the year. That's nearly four times the UK average. A typical home there now costs £226,699.

The North West is England's strongest region at 3.9%. Scotland and Wales both hit 3.5%. The West Midlands had the biggest turnaround, jumping from zero growth to 3.2%.

London crawls along at 1.6%. The commuter belt is barely breathing. The Outer South East rose just 0.1%; East Anglia and the Outer Metropolitan area both managed 0.3%

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So why the sluggish market? Robert Gardner, Nationwide's chief economist, blames Middle East tensions, rising energy prices, and higher mortgage rates. Consumer confidence slipped, and mortgage approvals fell noticeably in May.

But there's a glimmer of hope. A memorandum between Iran and the US has pushed oil prices back down. UK inflation came in lower than expected and that has dragged fixed-rate mortgage pricing lower.

If that holds, affordability should ease and activity should pick up later this year.

What does it mean for you? If you're selling, price realistically. Buyers have more choice and negotiating power than they've had in years. Overpriced homes sit unsold.

If you're staying put, your equity is still growing — just slowly.

And if you're remortgaging, your mortgage adviser has lenders are already trimming deals to compete for your business.

The market isn't booming or busting. It's treading water, waiting for clarity.

NOTE: The Nationwide index is built entirely from its own mortgage approvals, not completed sales, and it's a single internal source rather than a mix. Data is captured at the post-survey approval stage (after the valuation is done) to be timelier than completion-based indices like the Land Registry