House prices across the United Kingdom declined in May, with the Nationwide House Price Index (HPI) falling 0.6% month-on-month, according to data updated on 1 June 2026. The drop marks a reversal from April 2026, when prices had posted a modest 0.4% gain compared with March.
The figures, measured on a month-over-month basis, indicate that momentum in the UK housing market has weakened between April and May. While April’s increase suggested some resilience in prices, May’s decline underscores a more cautious backdrop, with the latest reading showing that the market has given back more than the prior month’s advance. Investors and homeowners will now be watching upcoming releases closely to see whether May’s downturn proves temporary or signals a more sustained softening in UK house price growth.
