1. Nationwide Trends
1.1 Overview
In August 2026, the average price paid for completed property transactions in England and Wales stood at £363,343, down 4.0% year-on-year. Average monthly rents rose 3.8% over the same period to £1,186, while gross rental yields expanded by 0.30 percentage points to 3.92%. The average price paid fell across all four property types, while rents and yields moved in the opposite direction.
1.2 Average Property Prices by Region
Aug-26 average price by property type, with year-on-year change vs Aug-25.
| Region | All | Detached | Semi-Det. | Terraced | Flat |
|---|---|---|---|---|---|
| Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | |
| London | £621,840 ▼ 9.8% | £989,128 ▼ 18% | £696,784 ▼ 9.5% | £696,632 ▼ 10.1% | £469,668 ▼ 5.5% |
| South East | £437,721 ▼ 5.9% | £646,771 ▼ 10.5% | £421,857 ▼ 4.1% | £349,005 ▼ 5.1% | £230,678 ▼ 2.2% |
| South West | £361,634 ▼ 2.8% | £504,425 ▼ 6.1% | £339,802 ▼ 0.8% | £293,496 ▼ 1.1% | £214,417 ▼ 0.8% |
| East of England | £383,189 ▼ 3.8% | £505,224 ▼ 7.8% | £356,303 ▼ 4.7% | £323,450 ▲ 0.5% | £210,005 ▼ 2.1% |
| East Midlands | £286,894 ▼ 3% | £387,515 ▼ 4.3% | £245,135 ▼ 8% | £194,269 ▼ 7.4% | £141,504 ▼ 3.6% |
| West Midlands | £299,014 ▲ 0.3% | £437,933 ▼ 4.4% | £273,842 ▲ 1.1% | £226,514 ▲ 0.3% | £155,607 ▲ 1.7% |
| Yorkshire and The Humber | £248,173 ▼ 0.6% | £372,582 ▼ 4.1% | £230,574 ▲ 0.6% | £183,218 ▼ 0.8% | £158,959 ▼ 2% |
| North West | £265,874 ▼ 1.2% | £423,269 ▼ 3.2% | £267,755 ▲ 1.1% | £189,588 ▼ 1.2% | £170,235 ▼ 0.7% |
| North East | £210,169 ▼ 0.3% | £332,119 ▼ 6% | £198,011 ▼ 1.6% | £165,669 ▲ 4.3% | £121,331 ▲ 1.9% |
| Wales | £251,226 ▼ 2.1% | £362,365 ▼ 4.2% | £236,707 ▼ 3.1% | £191,074 ▲ 3.4% | £151,509 ▼ 8.6% |
| England & Wales | £363,343 ▼ 4% | £496,170 ▼ 7.4% | £333,205 ▼ 2.1% | £307,550 ▼ 4.2% | £292,336 ▼ 3.4% |
The national average price paid fell 4.0% year-on-year to £363,343. The average price paid for detached properties fell the most, down 7.4% to £496,170, while semi-detached homes were the most resilient at -2.1% to £333,205. Terraced properties fell 4.2% to £307,550 and flats declined 3.4% to £292,336. At the regional level, London recorded the largest fall in average prices paid at -9.8% to £621,840, followed by the South East at -5.9%. The West Midlands was the only region to record growth in the average price paid, up 0.3%.
1.3 Average Monthly Rent by Region
Aug-26 average monthly rent by property type, with year-on-year change vs Aug-25.
| Region | All | Detached | Semi-Det. | Terraced | Flat |
|---|---|---|---|---|---|
| Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | |
| London | £2,075 ▲ 2.8% | £2,746 ▲ 2.6% | £2,521 ▲ 3% | £2,403 ▲ 3.1% | £1,831 ▲ 2.8% |
| South East | £1,385 ▲ 3% | £1,937 ▲ 2.7% | £1,523 ▲ 3.2% | £1,386 ▲ 3.2% | £1,120 ▲ 2.8% |
| South West | £1,144 ▲ 4.4% | £1,523 ▲ 4.1% | £1,238 ▲ 4.7% | £1,151 ▲ 4.6% | £904 ▲ 4.2% |
| East of England | £1,311 ▲ 3.5% | £1,777 ▲ 3.1% | £1,419 ▲ 3.6% | £1,283 ▲ 3.7% | £1,048 ▲ 3.3% |
| East Midlands | £916 ▲ 4.2% | £1,200 ▲ 3.9% | £959 ▲ 4.5% | £896 ▲ 4.4% | £738 ▲ 3.9% |
| West Midlands | £909 ▲ 5.2% | £1,221 ▲ 4.8% | £966 ▲ 5.5% | £894 ▲ 5.5% | £732 ▲ 5% |
| Yorkshire and The Humber | £819 ▲ 5.5% | £1,120 ▲ 5.2% | £880 ▲ 5.7% | £798 ▲ 5.7% | £670 ▲ 5.1% |
| North West | £879 ▲ 6.2% | £1,244 ▲ 5.7% | £965 ▲ 6.4% | £877 ▲ 6.5% | £740 ▲ 5.8% |
| North East | £711 ▲ 5.6% | £1,002 ▲ 4.9% | £753 ▲ 5.7% | £731 ▲ 5.9% | £601 ▲ 5.1% |
| Wales | £790 ▲ 5.1% | £1,016 ▲ 5.1% | £826 ▲ 5.1% | £774 ▲ 5.6% | £653 ▲ 4.4% |
| England & Wales | £1,186 ▲ 3.8% | £1,483 ▲ 3.9% | £1,213 ▲ 4.9% | £1,215 ▲ 3.9% | £1,314 ▲ 3.5% |
The national average monthly rent rose 3.8% year-on-year to £1,186. Semi-detached properties recorded the strongest rental growth at 4.9% to £1,213 per month, while flats saw the smallest increase at 3.5% to £1,314. All regions recorded positive rent growth: the North West led at +6.2%, followed by the North East at +5.6% and Yorkshire and The Humber at +5.5%. London recorded the weakest growth at +2.8%, despite the highest average rent of £2,075 per month.
1.4 Gross Rental Yields by Region
Aug-26 gross yield (annual rent ÷ purchase price) by property type, with year-on-year change vs Aug-25.
| Region | All | Detached | Semi-Det. | Terraced | Flat |
|---|---|---|---|---|---|
| Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | |
| London | 4.0% ▲ 0.49pp | 3.3% ▲ 0.67pp | 4.3% ▲ 0.53pp | 4.1% ▲ 0.53pp | 4.7% ▲ 0.38pp |
| South East | 3.8% ▲ 0.33pp | 3.6% ▲ 0.46pp | 4.3% ▲ 0.31pp | 4.8% ▲ 0.39pp | 5.8% ▲ 0.28pp |
| South West | 3.8% ▲ 0.26pp | 3.6% ▲ 0.36pp | 4.4% ▲ 0.23pp | 4.7% ▲ 0.26pp | 5.1% ▲ 0.24pp |
| East of England | 4.1% ▲ 0.29pp | 4.2% ▲ 0.44pp | 4.8% ▲ 0.38pp | 4.8% ▲ 0.15pp | 6.0% ▲ 0.31pp |
| East Midlands | 3.8% ▲ 0.27pp | 3.7% ▲ 0.29pp | 4.7% ▲ 0.56pp | 5.5% ▲ 0.63pp | 6.3% ▲ 0.45pp |
| West Midlands | 3.6% ▲ 0.17pp | 3.3% ▲ 0.3pp | 4.2% ▲ 0.18pp | 4.7% ▲ 0.23pp | 5.6% ▲ 0.18pp |
| Yorkshire and The Humber | 4.0% ▲ 0.23pp | 3.6% ▲ 0.32pp | 4.6% ▲ 0.22pp | 5.2% ▲ 0.32pp | 5.1% ▲ 0.34pp |
| North West | 4.0% ▲ 0.28pp | 3.5% ▲ 0.3pp | 4.3% ▲ 0.21pp | 5.6% ▲ 0.4pp | 5.2% ▲ 0.32pp |
| North East | 4.1% ▲ 0.23pp | 3.6% ▲ 0.38pp | 4.6% ▲ 0.32pp | 5.3% ▲ 0.08pp | 5.9% ▲ 0.18pp |
| Wales | 3.8% ▲ 0.26pp | 3.4% ▲ 0.3pp | 4.2% ▲ 0.33pp | 4.9% ▲ 0.1pp | 5.2% ▲ 0.65pp |
| England & Wales | 3.9% ▲ 0.3pp | 3.6% ▲ 0.39pp | 4.4% ▲ 0.29pp | 4.7% ▲ 0.37pp | 5.4% ▲ 0.36pp |
The national gross rental yield expanded to 3.92%, up 0.30 percentage points year-on-year. All four property types recorded positive movements, with flats the highest yielding at 5.40% and detached the lowest at 3.59%. The North East recorded the highest gross yield of any region at 4.33%, while the East of England was the lowest at 3.79%. London saw the largest regional yield expansion at +0.41 percentage points to 4.01%, driven by falls in average prices paid against modest rent growth.