Halifax House Price Index Becomes Lloyds: June 2026 Data

By Lisa Hayes · 7 July 2026

The UK's longest-running house price survey has a new name. From today, 7 July 2026, the Halifax House Price Index becomes the Lloyds House Price Index — and its first report under the new badge shows the average home rose +0.2% in June to £299,330, the first monthly gain in four months. If you're thinking of selling, the short version is this: prices have stopped falling and crept up a fraction, but this is a market that's found a floor, not a market that's taking off.

So the number to hold in your head is that £299,330 average, up a whisker on the month and up +0.6% over the year. It's the kind of movement that barely registers on your street but tells you plenty about where we are in the cycle. Let me walk you through what's really going on, why the name changed, and — the bit that actually matters — what it means for your own sale.

What actually happened today?

Two things landed at once. First, the rebrand: Halifax, part of Lloyds Banking Group, has folded its famous index into the Lloyds name. Second, the June 2026 data. According to the newly renamed Lloyds House Price Index, prices rose +0.2% between May and June — the first increase since February — lifting the standardised average property price to £299,330. Annual growth ticked up to +0.6%, from +0.5% in May.

Amanda Bryden, Head of Mortgages at Lloyds, put it plainly: "House prices rose for the first time in four months during June, increasing by +0.2%, compared to May. The typical property now costs £299,330, while the annual rate of growth also edged higher to +0.6%." She added that "mortgage rates have eased from their recent highs, offering some encouragement to those considering a move."

That's the headline. But a +0.2% monthly move is roughly £600 on a £300,000 house. It's real, and it's better than the falls we've seen since spring, yet nobody should read it as a turning point. This is a market catching its breath.

Wait — Halifax is now "Lloyds"? What changed?

If you've followed house prices for any length of time, "the Halifax" has been shorthand for the market for decades. So the name change matters, if only because you'll see it quoted differently from now on. Here's the reassuring part: nothing about the numbers has changed. As Lloyds explains, the index "is already calculated using both Halifax and Lloyds mortgage data," and "while the name has changed, the methodology remains the same."

It's still the UK's longest-running monthly house price series, with data going back to January 1983. It's still administered by S&P Dow Jones Indices, the same firm behind the S&P 500. It still uses the same "standardised" house price method, adjusting for the mix of properties sold so you're comparing like with like month to month. In short: the label on the tin is different, the contents are identical. When you read "Lloyds House Price Index" over the coming months, treat it exactly as you'd have treated the Halifax figure.

Why does this matter to you as a seller? Because you'll hear a lot of indices thrown around — Nationwide, Rightmove, Zoopla, the ONS, and now Lloyds — and they rarely agree to the pound. Knowing that the Halifax and Lloyds numbers are one and the same stops you double-counting or getting spooked by a "new" survey that's really an old friend in a fresh coat of paint. If you want the fuller picture of how the various indices stack up, our guide to UK house prices in 2026 breaks down who measures what.

What do the June numbers actually say?

Let's get specific, because the detail is where the story lives.

• £299,330average UK house price, June 2026
• +0.2%monthly change (first rise since February)
• +0.6%annual change
• -0.4%quarterly change

Notice that last figure. On a monthly basis prices rose, but over the past three months as a whole they're still down -0.4%. That quarterly number is the one professionals watch most closely, because it smooths out the noise you get from a thinner-than-usual set of monthly transactions. So the honest read is: June was a good month inside a soft quarter. One swallow, and all that.

Here's how the past year has actually played out, month by month, using the seasonally adjusted average price. It's a useful antidote to any single headline.

Month	Average price	Monthly change	Annual change
January 2026	£300,283	+0.8%	+1.1%
February 2026	£301,051	+0.3%	+1.2%
March 2026	£299,609	-0.5%	+0.8%
April 2026	£299,251	-0.1%	+0.4%
May 2026	£298,812	-0.2%	+0.5%
June 2026	£299,330	+0.2%	+0.6%

See the shape? Prices actually peaked back in February at £301,051, drifted lower through spring, and have now clawed back a little. We're essentially where we were last autumn. For a homeowner, that means the equity in your home is broadly flat over six months — not falling off a cliff, but not the escalator some headlines imply either.

Why did prices edge up in June?

One word: mortgages. Or more precisely, the cost of them coming off the boil. Rates spiked earlier this year on the back of global uncertainty and higher inflation expectations, which throttled demand and pushed prices down through spring. In June, lenders started trimming again. Bryden noted that borrowing costs have "eased from their recent highs," and that's enough to coax a few more buyers off the fence.

It's worth keeping the mortgage backdrop in view. The Bank of England has held its base rate at 3.75%, and markets increasingly expect it to sit there for the rest of 2026. Meanwhile, according to Moneyfacts, the average two-year fixed rate is around 5.51% and the five-year fix roughly 5.50% — down on where they were a month ago, but still a long way from the sub-2% deals a generation of buyers grew up with. Cheaper than the recent peak, expensive by the standards of the 2010s. That tension is the whole story of this market.

The point for you: affordability is doing the steering. When rates dip, demand and prices firm; when rates jump, they sag. If you're waiting for a runaway boom to time your sale, you may be waiting a long while, because the ceiling on prices right now is simply what buyers can afford to borrow.

The regional picture: one country, two directions

The national average hides a genuine split. The north and the devolved nations are still posting solid gains. The south of England is quietly falling. If your sense of "the market" comes from London dinner-party chat, you're getting a badly skewed view of the country.

• Northern Ireland +7.4%
• Scotland +3.9%
• North East +2.8%
• North West +2.4%
• Wales +0.9%
• London -1.1%
• South East -2.0%

Northern Ireland leads the UK yet again, with prices up +7.4% over the year to an average of £229,000. Scotland is next at +3.9% (£223,277), followed by the North East at +2.8% (£181,133) and the North West at +2.4% (£248,218). Wales has firmed up to +0.9% (£231,142).

Then the other end of the see-saw. The South East is the weakest region in the country, down -2.0% over the year to £381,654, while London values slipped -1.1% to £534,831. This is the pattern that's defined 2026: affordability is most stretched where prices are highest, so those pricey southern markets have the least room to climb and the most reason to soften. The cheaper northern and Northern Irish markets, where a mortgage stretches further, keep grinding upward.

Nation / Region	Average price	Annual change
Northern Ireland	£229,000	+7.4%
Scotland	£223,277	+3.9%
North East	£181,133	+2.8%
North West	£248,218	+2.4%
Wales	£231,142	+0.9%
London	£534,831	-1.1%
South East	£381,654	-2.0%

The practical takeaway: where you're selling matters as much as when. A homeowner in Belfast and a homeowner in Guildford are living in different markets right now, and the same asking-price strategy won't work for both. If you want a grounded starting point for your own area, our free how much is my house worth guide is a better place to begin than any national headline.

What about first-time buyers?

Here's a genuinely encouraging thread. First-time buyer prices rose faster than the market as a whole — annual growth for FTBs jumped to +0.8% in June, up from just +0.3% in May, with the average first-time buyer property now costing £240,433. Bryden reckons this "suggests demand remains resilient" at the bottom of the ladder.

Why should a seller care about first-time buyers? Because they're the foundation of every chain. When people can get onto the ladder, second-steppers can trade up, and the whole market moves. A resilient FTB market is quietly good news even if you're selling a four-bedroom detached — it means the person buying your buyer's flat is more likely to exist. It's one of the reasons this market feels stuck rather than stalled: the bottom rungs are still occupied.

Why doesn't this match the Nationwide or ONS figure?

Fair question, and it trips up a lot of sellers. You'll have seen the average UK house price quoted as anything from about £277,000 to over £300,000 depending on the source, and it's easy to assume someone's got it wrong. They haven't. Each index measures a slightly different slice of the market.

The Lloyds figure of £299,330 is based on the bank's own mortgage-approval data — homes at the point a loan is agreed. Nationwide, which reported its June numbers this week, put its average at £277,484 with annual growth of +2.2%, because it draws on a different lender's book. The ONS and Land Registry figure, published with a longer lag, is based on completed sales logged at the Land Registry and tends to be the most comprehensive but the least timely. None of them is "the" price; they're triangulation points.

What should you do with three different numbers? Watch the direction of travel rather than the absolute figure. When Lloyds, Nationwide and the ONS all point the same way — as they broadly do right now, towards flat-to-slightly-up — you can trust the trend even if the exact pounds differ. When they disagree sharply, treat the market as genuinely uncertain. For your own home, none of these national averages beats a proper local valuation, which is why we always steer sellers back to comparing real offers and routes rather than anchoring on a headline number.

The bit the headline won't tell you: activity is soft

Now for the honesty that separates useful analysis from cheerleading. Prices firmed in June, but the amount of actual buying and selling did not. This is the tension at the heart of today's report, and it's the thing you most need to understand before you list.

Look at the approvals figure. Bank of England data shows mortgage approvals for house purchase dropped -14.9% to 56,205 in May 2026, and were -10.8% lower than a year earlier. That's a meaningful cooling. Bryden framed it as expected given the earlier rate spike, and expects activity to "recover assuming borrowing costs continue to fall" — a sensible take, but note the "assuming." It's a forecast, not a fact.

The surveyors tell a similar story. The latest RICS Residential Market Survey put new buyer enquiries at a net balance of -34%, agreed sales at -37%, and new instructions at -8%. Those are subdued readings, though RICS notes they appear to be stabilising rather than deteriorating further. Transactions, meanwhile, slipped -2.0% to 98,450 in May on a seasonally adjusted basis — although, encouragingly, they were still +16.6% above May 2025 levels.

Put it together and you get the defining feature of mid-2026: fewer buyers, but the ones who are out there are enough to keep prices ticking over. Thin, but functioning. For a seller that has a very specific consequence, which brings us to the part that matters most.

What does this mean if you're thinking of selling?

Be realistic about pricing, and be realistic about time. Those are the two rules for this market.

On pricing: with annual growth at +0.6% and the quarterly trend still slightly negative, there is no rising tide to lift an over-ambitious asking price. Homes that are priced a fraction under the last comparable sale are getting attention; homes priced on hope are sitting. This isn't a market that rewards testing a big number to "see what happens" — you'll simply burn weeks and end up chasing the market down. If you're in the softening South East or London, that's doubly true.

On time: with approvals down and enquiries subdued, the pool of buyers is shallower than it was a year ago. That doesn't mean you can't sell. It means the average sale is taking longer, and every extra week is a week your chain can wobble. Separately from today's figures, industry data through 2026 has shown a stubbornly high share of agreed sales collapsing before completion. A thinner buyer pool makes each deal more precious and, frankly, more fragile.

There's an equity angle too. If you bought in the last couple of years and have been nervously watching the falls, June's small rise will be a relief — but don't overstate it. On a broadly flat market your equity is roughly where it was six months ago, so if you're selling to move up, the gap between your home and the next one hasn't widened or narrowed much. That's actually a fine time to trade up, because the "cost to move" — the price difference between your current and next rung — tends to be smaller when the whole market is flat than when it's racing. It's the sort of quiet window that gets overlooked while everyone waits for a boom that may not come.

This is exactly the situation where it pays to know your options. The open market is the right route for plenty of sellers — but if your priority is certainty and speed rather than squeezing out the last few thousand pounds, it's worth understanding how a cash house buyer or a genuine quick sale works before you commit six months to a "For Sale" board. Our guide on how to sell your house fast lays out the trade-offs without the sales pitch.

What should you do now?

A few concrete steps, whatever your timeline.

Get a realistic valuation, then sense-check it. Start with an honest figure for your area — not the most optimistic online estimate you can find. Online tools are a rough guide, not gospel; if you've ever wondered how much to trust them, our piece on whether Zoopla estimates are accurate is worth five minutes.

Watch your local trend, not the national one. A +0.6% UK figure is meaningless if you're in a region moving at +7% or -2%. Look at what's actually selling near you and how long it's sitting. Understanding how long properties have been on the market in your postcode tells you more about pricing than any index.

Price to sell, not to test. In a flat market, the first three weeks of listing are your best weeks. Go in at a figure that gets viewings from day one, rather than reducing later once the listing has gone stale.

Line up your costs. Know what selling will actually leave in your pocket before you start. Our breakdown of the costs of selling a house helps you avoid nasty surprises at completion.

Decide what you're optimising for. Top price or certainty? You often can't have both. If speed and a guaranteed completion matter more than the last 2%, weigh up a quick-sale route early rather than as a panicked last resort.

How does the chain above and below you look?

One number in today's release deserves more attention than it'll get: transactions in the three months to May were +16.6% higher than the same period a year ago, even though the monthly figure dipped. That tells you the market is busier than it was in mid-2025, just choppier month to month. For anyone in a chain, that mix of "more deals overall, fewer this month" is exactly why sales feel harder to hold together than the raw activity suggests.

Think about the people either side of you. If you're selling and buying, the softer South East is arguably working in your favour if you're trading up within it — the home you're buying is falling in value faster than the one you're selling, so the cash gap shrinks. If you're trading down, or moving from a strong northern market to a weaker southern one, the maths tilts the other way. It's worth doing that sum explicitly rather than assuming a falling market is universally bad news for you. A flat-to-soft market redistributes advantage; it doesn't remove it.

And if your chain is already wobbling, don't wait for the perfect index reading to act. The data won't rescue a deal that's drifting. Knowing your fallback — whether that's a bridging option, a part-exchange, or a straight cash sale — before a link breaks is worth more than any forecast.

What's the outlook for the rest of 2026?

Measured is the word Lloyds keeps using, and it fits. Bryden's own view is that "the housing market will continue moving at a measured pace," with lower borrowing costs offering some support but affordability still acting as a brake. The direction of travel from here, she says, "will depend largely on inflation continuing to ease and household confidence gradually improving."

The wider forecasting community is split, which tells you how finely balanced things are. Some economists expect prices to eke out around +1% growth across 2026; others, including Savills, have pencilled in a small fall of roughly -2% for the year. When the professional forecasts straddle zero like that, the honest answer is that nobody is expecting fireworks in either direction. For a seller, a broadly flat market is not a disaster — it's a market you can plan around, provided you price sensibly and don't bank on gains that may not arrive.

The single biggest swing factor is the mortgage market. If lenders keep trimming rates and the Bank of England's next move is downward, demand should recover and today's tentative +0.2% could become a firmer trend. If inflation flares up again — as it did earlier this year on global energy costs — rates could stall and prices with them. Keep half an eye on rate news; it's the closest thing you have to a leading indicator for your own sale.

What about stamp duty and housing policy?

Today's report is about prices, but you can't read the market in a vacuum — tax and policy sit underneath every buyer's sums. The stamp duty thresholds that reverted in April 2025 are still shaping demand at the margins, nudging more of the cost of moving onto buyers and, indirectly, capping what they'll offer. When a first-time buyer or a home mover has to find more up front, that money comes out of the price they can pay, not out of thin air. It's part of why the pricier southern markets, where stamp duty bills are largest, are the ones feeling the squeeze.

There's a reform thread running alongside it. The government's push to speed up home-buying — digitising property data, tackling the delays and fall-throughs that plague the chain — won't move the average price on any index, but it could make the difference between your sale completing and collapsing. For a seller in a thin market, a system that reduces the number of deals falling apart is arguably worth more than another half a percent on the headline figure. Keep an eye on it, because the mechanics of moving are shifting even when the price is standing still.

The bottom line

Today's report is genuinely reassuring in one respect: after four months of drift, prices have stopped sliding and edged up to an average of £299,330. The name on the index has changed, but the message hasn't — this is a slow, affordability-capped market that's found its footing without finding any real momentum. Growth of +0.6% a year, a still-negative quarterly trend, sharply lower mortgage approvals, and a north-south split that's as wide as ever.

For you, that means opportunity and caution in equal measure. Buyers are around, rates are easing, and a well-priced home in a decent area will sell. But the market won't do the heavy lifting for you the way it did in the boom years — you'll need a sharp price, a realistic timeline, and a clear head about what you actually want from the sale.

If you'd like to see what your home could achieve without gambling six months on the open market, it costs nothing to compare your options. Start your free, no-obligation valuation and weigh a guaranteed offer against the open-market route — then decide, calmly, which one actually suits your move.

Figures in this article are drawn from the Lloyds House Price Index (formerly the Halifax House Price Index), June 2026, published 7 July 2026, with additional context from the Bank of England, Moneyfacts, HMRC and RICS.