UK Residential Housing Market Update

Residential Market Summary: Flat Overall, though outside London and the SE, Regional Growth Continues

The most recent RICS report (Feb. 2026) suggests the residential housing market and their prices are flat. But this report is based on national averages, which are skewed by the South East and London markets. Prices and sales in the North West and to a slightly lesser extent the West Midlands are still rising, even if at a lower rate than previously.

Anecdotal evidence suggests the North West and West Midlands are still busy and our own experience confirms this. However, if the war in the Middle East continues for an extended period, we do suggest there may be a slowdown due to higher living costs and mortgage rates. If the war ends soon, the forecast for the rest of the year is generally positive, especially for the North West and West Midlands.

We will keep you updated after the next Monthly survey due at the end of this month.