1. Nationwide Trends
Download PDF1.1 Overview
In July 2026, the average property price in England and Wales stood at £354,544, down 5.2% year-on-year. Average monthly rents rose 3.1% over the same period to £1,176, while gross rental yields expanded by 0.32 percentage points to 3.98%. Purchase prices fell across all four property types, while rents and yields moved in the opposite direction.
1.2 Average Property Prices by Region
Jul-26 average price by property type, with year-on-year change vs Jul-25.
| Region | All | Detached | Semi-Det. | Terraced | Flat |
|---|---|---|---|---|---|
| Jul-26 / vs Jul-25 | Jul-26 / vs Jul-25 | Jul-26 / vs Jul-25 | Jul-26 / vs Jul-25 | Jul-26 / vs Jul-25 | |
| London | £613,441 ▼ 12.9% | £939,926 ▼ 17% | £724,459 ▼ 6.3% | £665,224 ▼ 16.5% | £489,980 ▼ 7.1% |
| South East | £428,265 ▼ 5.9% | £626,879 ▼ 12.8% | £422,503 ▼ 3% | £362,542 ▲ 1.9% | £229,065 ▼ 4.4% |
| South West | £357,014 ▼ 3% | £508,605 ▼ 5.7% | £324,175 ▼ 6.5% | £296,897 ▲ 1.2% | £211,535 ▼ 1.8% |
| East of England | £372,849 ▼ 4.6% | £479,288 ▼ 10.8% | £376,821 ▲ 1.6% | £308,934 ▼ 2.3% | £219,005 ▲ 1.5% |
| East Midlands | £279,157 ▼ 0.3% | £383,904 ▼ 3.7% | £242,420 ▼ 2.6% | £202,182 ▲ 2% | £136,663 ▼ 2.3% |
| West Midlands | £290,928 ▼ 1.3% | £427,654 ▼ 6.2% | £269,051 ▼ 0.4% | £213,513 ▼ 3.3% | £148,710 ▼ 6.6% |
| Yorkshire and The Humber | £248,574 ▼ 0.4% | £382,265 ▼ 3.1% | £229,689 ▼ 0.5% | £181,938 ▲ 0.1% | £136,708 ▼ 14.2% |
| North West | £265,980 ▲ 2.8% | £419,746 ▼ 0.8% | £274,316 ▲ 5.2% | £193,347 ▲ 3% | £177,327 ▲ 9.5% |
| North East | £213,320 ▲ 3.5% | £338,255 ▲ 1.6% | £192,251 ▼ 2% | £160,172 ▲ 1.5% | £144,892 ▲ 17.2% |
| Wales | £240,517 ▼ 2.4% | £348,276 ▼ 6.1% | £229,565 ▲ 1.8% | £177,557 ▼ 2.7% | £157,691 ▼ 2.1% |
| England & Wales | £354,544 ▼ 5.2% | £479,007 ▼ 9.4% | £331,000 ▼ 1.7% | £297,942 ▼ 5.7% | £301,259 ▼ 3.5% |
The national average price fell 5.2% year-on-year to £354,544. Detached properties saw the sharpest contraction, down 9.4% to £479,007, while semi-detached homes were the most resilient at -1.7% to £331,000. At the regional level, London recorded the largest decline at -12.9% to £613,441, followed by the South East at -5.9%. The North East and North West were the only two regions to record price growth, up 3.5% and 2.8% respectively.
1.3 Average Monthly Rent by Region
Jul-26 average monthly rent by property type, with year-on-year change vs Jul-25.
| Region | All | Detached | Semi-Det. | Terraced | Flat |
|---|---|---|---|---|---|
| Jul-26 / vs Jul-25 | Jul-26 / vs Jul-25 | Jul-26 / vs Jul-25 | Jul-26 / vs Jul-25 | Jul-26 / vs Jul-25 | |
| London | £2,066 ▲ 2.4% | £2,733 ▲ 2.1% | £2,509 ▲ 2.5% | £2,391 ▲ 2.6% | £1,822 ▲ 2.4% |
| South East | £1,382 ▲ 3% | £1,933 ▲ 2.5% | £1,520 ▲ 3.1% | £1,384 ▲ 3.2% | £1,118 ▲ 2.8% |
| South West | £1,141 ▲ 4.7% | £1,518 ▲ 4.2% | £1,234 ▲ 4.8% | £1,148 ▲ 4.9% | £902 ▲ 4.5% |
| East of England | £1,308 ▲ 3.5% | £1,772 ▲ 3% | £1,415 ▲ 3.6% | £1,280 ▲ 3.8% | £1,046 ▲ 3.4% |
| East Midlands | £913 ▲ 4.2% | £1,196 ▲ 3.7% | £956 ▲ 4.4% | £893 ▲ 4.4% | £736 ▲ 4% |
| West Midlands | £904 ▲ 5% | £1,215 ▲ 4.5% | £961 ▲ 5.1% | £890 ▲ 5.3% | £728 ▲ 4.8% |
| Yorkshire and The Humber | £817 ▲ 5.5% | £1,116 ▲ 5% | £877 ▲ 5.6% | £796 ▲ 5.7% | £669 ▲ 5.3% |
| North West | £874 ▲ 6.1% | £1,236 ▲ 5.3% | £960 ▲ 6.1% | £872 ▲ 6.3% | £736 ▲ 5.8% |
| North East | £707 ▲ 5.6% | £997 ▲ 4.7% | £749 ▲ 5.7% | £727 ▲ 5.9% | £598 ▲ 5.2% |
| Wales | £788 ▲ 5.2% | £1,012 ▲ 5.1% | £823 ▲ 5.2% | £771 ▲ 5.8% | £652 ▲ 4.6% |
| England & Wales | £1,176 ▲ 3.1% | £1,449 ▲ 1.6% | £1,199 ▲ 4% | £1,193 ▲ 2.8% | £1,320 ▲ 4.3% |
The national average monthly rent rose 3.1% year-on-year to £1,176. Flats recorded the strongest growth at 4.3% to £1,320 per month, while detached properties saw the smallest increase at 1.6% to £1,449. All regions recorded positive rent growth: the North West led at +6.1%, followed by the North East at +5.6% and Yorkshire and The Humber at +5.5%. London recorded the weakest growth at +2.4%, despite the highest average rent of £2,066 per month.
1.4 Gross Rental Yields by Region
Jul-26 gross yield (annual rent ÷ purchase price) by property type, with year-on-year change vs Jul-25.
| Region | All | Detached | Semi-Det. | Terraced | Flat |
|---|---|---|---|---|---|
| Jul-26 / vs Jul-25 | Jul-26 / vs Jul-25 | Jul-26 / vs Jul-25 | Jul-26 / vs Jul-25 | Jul-26 / vs Jul-25 | |
| London | 4.0% ▲ 0.61pp | 3.5% ▲ 0.65pp | 4.2% ▲ 0.36pp | 4.3% ▲ 0.8pp | 4.5% ▲ 0.41pp |
| South East | 3.9% ▲ 0.33pp | 3.7% ▲ 0.55pp | 4.3% ▲ 0.25pp | 4.6% ▲ 0.06pp | 5.9% ▲ 0.41pp |
| South West | 3.8% ▲ 0.28pp | 3.6% ▲ 0.34pp | 4.6% ▲ 0.49pp | 4.6% ▲ 0.16pp | 5.1% ▲ 0.31pp |
| East of England | 4.2% ▲ 0.33pp | 4.4% ▲ 0.6pp | 4.5% ▲ 0.09pp | 5.0% ▲ 0.29pp | 5.7% ▲ 0.11pp |
| East Midlands | 3.9% ▲ 0.17pp | 3.7% ▲ 0.27pp | 4.7% ▲ 0.32pp | 5.3% ▲ 0.12pp | 6.5% ▲ 0.39pp |
| West Midlands | 3.7% ▲ 0.23pp | 3.4% ▲ 0.35pp | 4.3% ▲ 0.22pp | 5.0% ▲ 0.41pp | 5.9% ▲ 0.64pp |
| Yorkshire and The Humber | 3.9% ▲ 0.22pp | 3.5% ▲ 0.27pp | 4.6% ▲ 0.26pp | 5.2% ▲ 0.28pp | 5.9% ▲ 1.09pp |
| North West | 3.9% ▲ 0.12pp | 3.5% ▲ 0.2pp | 4.2% ▲ 0.04pp | 5.4% ▲ 0.17pp | 5.0% ▼ 0.17pp |
| North East | 4.0% ▲ 0.08pp | 3.5% ▲ 0.1pp | 4.7% ▲ 0.34pp | 5.4% ▲ 0.23pp | 5.0% ▼ 0.56pp |
| Wales | 3.9% ▲ 0.29pp | 3.5% ▲ 0.37pp | 4.3% ▲ 0.14pp | 5.2% ▲ 0.42pp | 5.0% ▲ 0.32pp |
| England & Wales | 4.0% ▲ 0.32pp | 3.6% ▲ 0.39pp | 4.3% ▲ 0.24pp | 4.8% ▲ 0.4pp | 5.3% ▲ 0.39pp |
The national gross rental yield expanded to 3.98%, up 0.32 percentage points year-on-year. All four property types recorded positive movements, with flats the highest yielding at 5.26% and detached the lowest at 3.63%. London saw the largest regional yield expansion at +0.61 percentage points to 4.04%, driven by falling prices against a backdrop of modest rent growth. The East of England recorded the highest gross yield of any region at 4.21%, while the West Midlands was the lowest at 3.73%.