The Bank of England says agents report only "marginal improvement this month", with "little evidence of a pick-up in viewings or transactions".
9th Feb 20260 575 1 minute read David Callaghan
Estate agents have told the Bank of England there has been a sluggish start to 2026, with “little evidence of a pickup in viewings or transactions”.
In its monthly summary of business conditions, the Bank reports a hesitant housing market with slow progress.
Activity subduedThe Bank says: “The housing market shows slightly firmer sentiment, but activity remains subdued and recovery is expected to be gradual.
“Estate agents report marginally improved sentiment entering 2026, though there is still little evidence of a pick-up in viewings or transactions.”
The market continues to favour buyers, with supply expected to exceed demand.”
And it goes on: “The market continues to favour buyers, with supply expected to exceed demand in the near term.
“Activity remains especially weak in Central London, where higher‑end prices fell sharply last year and remain under pressure, while regions outside the capital expect broadly flat to modest price growth.”
On the lettings market the Bank reports: “Rental market inflation continues to moderate, but landlord exits ahead of changes to renters’ rights in England may tighten supply and add to affordability pressures.”
Average tops £300,000The latest Halifax HPI reported last week that average house prices topped £300,000 for the first time after a 0.7% rise in January.
The increase last month followed a 0.5% fall in December. Annual growth was 1% last month, up from 0.4% before Christmas.
Over the last three years, property prices have risen by 5.7%, or around £16,000.
More on the housing market
Tagsbank base rate 9th Feb 20260 575 1 minute read David Callaghan Share Facebook X LinkedIn Share via Email
