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flag UK house prices hit a record £301,151 in February 2026, up 1.3% yearly, fueled by strong demand and rising supply.

flag UK house prices reached a record £301,151 in February 2026, rising 0.3% monthly and 1.3% annually—the strongest yearly growth in four months—according to Halifax. flag The rebound followed a weak end to 2025, driven by demand from first-time buyers and families seeking larger homes, particularly in new builds. flag Despite rising mortgage rates from lenders like HSBC UK and Nationwide due to higher swap rates linked to Middle East tensions and surging energy prices, buyer interest remains strong. flag Expectations for near-term interest rate cuts have diminished amid inflation concerns, creating uncertainty. flag A 6% year-on-year increase in housing supply is helping to balance the market, supporting sustained price growth above £300,000 for two months.

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