Lloyds House Price Index
House prices in August 2026 were -0.4% lower compared to the same month a year earlier.
07 September: Lloyds House Price Index - August (PDF, 1MB) 07 September: Lloyds House Price Index – August 2026 (PDF, 1MB, opens in a new window)From July 2026, the Halifax House Price Index has become the Lloyds House Price Index. While the name has changed, the methodology remains the same. The index is already calculated using both Halifax and Lloyds mortgage data.
August Lloyds House Price Index
Andrew Assam, Mortgages Director at Lloyds, said:
“UK house prices fell slightly in August, down -0.2% over the month following a similar decline in July. The average property now costs £298,468, marking the first annual fall in house prices since November 2023. Despite that, prices are still marginally up, (+0.2%) since the start of the year.
“The housing market has faced a more difficult backdrop in recent months, with the impact of global events on inflation and borrowing costs creating greater economic uncertainty. What we're not seeing is a rush of homeowners cutting prices. But more are choosing to sit tight, with sellers reluctant to accept offers they feel are too low, while some buyers are waiting to see how conditions develop.
“As a result, fewer homes are changing hands, with latest industry figures showing mortgage approvals now at their lowest level since the start of 2024.
“It's also important to keep recent price movements in perspective. Average house prices remain around 25% higher than they were at the end of 2019, despite the substantial increase to interest rates seen over recent years. The market's adjustment to higher borrowing costs has been gradual, with wage growth helping to offset some of the pressure on affordability. The recent modest declines in prices are best viewed in that wider context.
“We expect the market to remain fairly subdued in the months ahead, but this will likely only have a limited impact on house prices. While affordability remains a challenge, wages continue to grow and employment has held up better than many anticipated. This will help to support demand from those who need or want to move.”
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About the Lloyds House Price Index
Formerly the Halifax House Price Index, the Lloyds House Price Index is the UK’s longest running monthly house price series with data covering the whole country going back to January 1983.
From this data, a “standardised” house price is calculated and property price movements on a like-for-like basis (including seasonal adjustments) are analysed over time. The annual change figure is calculated by comparing the current month seasonally adjusted figure with the same month a year earlier.
S&P DJI, a world leader in critical information, analytics and solutions (NYSE: INFO) owns and acts as administrator for the Lloyds House Price Index.
For more information visit: Lloyds House Price Index | S&P Dow Jones Indices
