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UK House Price Index – May 2023

Research and Insight May 2023
Top insights
Executive summary
+ 3.0 %

UK house price inflation (YoY)

Last 3 months
34 %

First-time buyer share of sales in 2022

Key data
£ 7.5K

Increase in income required for a first-time buyer to buy a 3-bed home


“The worst of the pricing adjustment in the housing market appears to be behind us. House price growth will slow further over 2023 and dip into negative territory. More important is that transaction volumes continue to grow. ”

Richard Donnell Executive Director - Research
Market activity down YoY but continues to improve vs 2019