The UK housing market showed renewed signs of weakness in March, as the Rightmove House Price Index slipped into negative territory on a year-over-year basis. According to the latest data updated on 16 March 2026, annual price growth slowed to -0.2% in March 2026, following a flat reading of 0.0% in February 2026.
The move from zero growth to a marginal annual decline suggests that underlying demand in the UK property market may be softening, with asking prices now slightly below their levels from March last year. The comparison is based on year-over-year changes, measuring how prices in each month stack up against the same month a year earlier. With February already showing no growth and March turning negative, the data point to a loss of momentum in house prices as the spring selling season begins.
