The Property Podcast Market Update - February 2026
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Feb 12, 2026 A razor-close Bank of England vote puts a near-term rate cut on the cards. House prices quietly climbed past £300k and multiple indices show a January bounce. Rents are cooling in many areas while London's supply squeeze hints at future pressure. Ground rents face a major cap that could reshape flat values almost overnight.
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Affordability Is Improving Quietly
- Real wages rising and stagnant house prices improve affordability.
- That combination creates conditions where house prices can quietly gain momentum before public perception catches up.
House Prices Broke £300k In January
- Halifax reported a 0.7% January rise, pushing the average UK house value above £300,000.
- Multiple indices show a January bounce, suggesting the market is picking up after budget and mortgage uncertainty eased.
London Building Pause Will Raise Future Rents
- London house prices have fallen in real terms, deterring developers from starting new projects.
- Reduced building plus population growth will likely tighten rental supply and push yields higher over time.