Source: Sharecast
House prices across England, Wales and Scotland averaged £268,000 over the 12 months to February, a 1.2% increase over last year, the ONS said.
That's up from the 1.0% annual gain seen in January, which was the lowest rate since August 2024, but still well below the 1.9% and 3.0% increases registered in December and November, respectively.
Average house prices increased 0.8% to £290,000 in England, 2.5% to £210,000 in Wales, and 2.3% to £187,000 in Scotland.
Among English regions, the North continues to see the highest rates of growth, led by Yorkshire and the Humber (+3.9%), the North East (+3.6%) and North West (+3.4%).
Southern regions all saw prices fall, led by London where deflation accelerated to -3.3% from -1.9% previously. Prices also declined year-on-year in the South East (-0.9%) and South West (-0.6%).
The ONS also published rental data for for March, showing that average monthly private rents across the UK rose 3.4% year-on-year to £1,377, slowing slightly from the 3.6% gain registered in February.
Rents averaged £1,434 in England (+3.4%), £830 in Wales (+4.8%) and £1,022 in Scotland (+2.1%). The most recent Northern Ireland data, which only captured the market in January, showed a 5.0% gain in rents to £880.