Asking prices for British homes remained flat in the four weeks to February 7, following a strong post-budget rise over the Christmas and New Year period, property website Rightmove said on Monday.
Rightmove reported that prices showed no change both month-on-month and year-on-year, after recording a record 2.8% monthly increase and a 0.5% annual rise in the five weeks to January 10.
The update comes amid growing signs of a recovery in Britain’s housing market since finance minister Rachel Reeves presented her annual budget in late November. While the budget included tax increases, the introduction of most measures was delayed, helping to support market confidence.
Rightmove said asking prices typically rise by around 0.8% in February, based on trends over the past decade.
It added that January’s sharp jump meant the rise in prices since the start of 2026 was the strongest for this point in the year since 2020.
Rightmove also noted that the total number of homes on the market reached an 11-year high for this time of year, suggesting increased supply.
The number of newly listed properties slipped 1% compared with a year earlier, when the market was unusually boosted by buyers rushing ahead of the expiry of a homebuyer tax break. However, new listings were still 11% higher than two years ago.
Meanwhile, the number of agreed sales was 5% lower than this time in 2025, but 9% higher than at the same point in 2024, indicating a market that remains active but uneven.