January 2026 | Rightmove House Price Index
The UK property market is off to a record-breaking start in 2026. January saw average new seller asking prices rise to £368,031, up 2.8% (+£9,893) from December, which is the largest January increase ever recorded and the biggest monthly jump since June 2015. Prices are now 0.5% higher than this time last year, signaling a strong post-Budget reboun
Record January Price Rise, Despite Increased Choice
While prices are climbing, the number of homes for sale is the highest for January since 2014. With around a third of existing homes seeing price reductions, sellers should remain realistic about asking prices. This surge in prices comes as home-movers return to the market, combining the traditional Rightmove Boxing Day Bounce with improved market sentiment after the Budget.
Post-Christmas Activity Surges
Early data from the first two weeks after Christmas show that buyer demand jumped 57% compared to the two weeks before Christmas, while new listings increased 81%, highlighting renewed confidence among both buyers and sellers. Rightmove also recorded its busiest Boxing Day ever for platform visits, as movers began their 2026 search.
Mortgage Rates Support Affordability
Rightmove’s daily mortgage tracker shows the average two-year fixed mortgage rate is now at its lowest level since September 2022, as lenders cut rates to capitalize on New Year activity. This easing of mortgage costs, combined with improved affordability for many buyers, is helping fuel early 2026 activity.
Looking Ahead: 2026 Market Outlook
With prices rebounding, plenty of property choice, and more favourable mortgage conditions, Rightmove expects continued buyer activity and steady price growth in 2026.
What This Means for Sellers
Realistic pricing will be key as buyers remain cautious but active. Those who wait risk missing out on early 2026 activity as market confidence improves.
What This Means for Buyers
With more stock available, easing mortgage rates, and early signs of market recovery, now could be a good time to explore options, particularly before prices start to rise again.
All the information in this update comes from Rightmove’s House Price Index. Click here to read the full report.
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