In the Apr 2026 Land Registry UK House Price Index snapshot, the latest national reading sits at 103.50 and annual growth stands at 3.80%. For long-term buyers and market analysts, the more useful story is not month-to-month noise but where the market last peaked, how far it softened, and how much of that ground has since been rebuilt.
The latest cycle still looks like a recovery phase rather than a fresh breakout
In the Apr 2026 snapshot, the national index is above much of the mid-2024 range, but it remains well below the strongest reading visible in the series. GB moved from 98.90 in Apr 2024 to 98.70 in May 2024, then to 99.50 in Jun 2024 and 100.60 in Jul 2024. By Aug 2024, the index had reached 102.60.
That early improvement was followed by a firmer late-2024 stretch. The national reading was 100.60 in Oct 2024, 100.30 in Nov 2024, and 100.40 in Dec 2024 before moving to 100.50 in Jan 2025, 100.70 in Feb 2025, and 102.10 in Mar 2025. The latest reading of 103.50 in Apr 2026 therefore places the market above the softer levels seen across much of 2024 and early 2025.
The annual growth pattern also shows that prices are rising again, but not at the most aggressive pace in the dataset. National year-on-year change was 2.00% in Apr 2024, slipped to -0.10% in May 2024, then returned to 0.50% in Jun 2024 and Jul 2024. It later strengthened to 1.60% in Aug 2024, 1.60% in Oct 2024, 2.10% in Nov 2024, 3.00% in Dec 2024, 3.30% in Jan 2025, 3.90% in Feb 2025, 5.30% in Mar 2025, eased to 1.40% in Apr 2025, and now stands at 3.80%.
That profile is consistent with a market that has regained momentum after a softer patch, without yet matching the strongest index levels shown elsewhere in the same series.
The visible peak in this dataset sits far above the national reading
In the Apr 2026 dataset window, the clearest high point is 121.90, a level that first appears in Jan 2026 and remains in Feb 2026, Mar 2026, and Apr 2026. That is the standout peak reading across all rows provided and marks the upper end of the cycle visible here.
The run into that high was already strong beforehand. The same series shows 112.20 in Oct 2024, Nov 2024, and Dec 2024, then 113.40 in Jan 2025, Feb 2025, and Mar 2025. It moved on to 114.10 in Apr 2025, May 2025, and Jun 2025, then accelerated to 118.80 in Jul 2025, Aug 2025, and Sep 2025 before reaching 120.10 in Oct 2025, Nov 2025, and Dec 2025.
Annual growth rates around that peak were also the strongest in the table. The same line shows 8.40% in Oct 2024, Nov 2024, and Dec 2024, 9.00% in Jan 2025, Feb 2025, and Mar 2025, 5.70% in Apr 2025, May 2025, and Jun 2025, 7.00% in Jul 2025 through Dec 2025, and 7.40% in Jan 2026 through Apr 2026.
For readers tracking the cycle, that matters because peaks are usually defined by persistence as much as by height. Here, the top reading is not a one-month spike; it holds across four consecutive months.
The trough zone was shallow in level terms but weak in momentum terms
In the Apr 2026 data window, the lowest national readings cluster around spring 2024, when the index dipped below 99.00. The national line shows 98.90 in Apr 2024 and 98.70 in May 2024 before recovering to 99.50 in Jun 2024.
Other lines in the same dataset show that weakness more starkly in year-on-year terms. One series printed 97.20 in Apr 2024 with annual change of -0.80%, then 98.30 in May 2024 with 0.30%, 98.50 in Jun 2024 with 0.00%, and 99.40 in Jul 2024 with 0.00%. Another line was 98.30 in Apr 2024 with 0.00%, rising to 99.10 in May 2024 with 0.50% and 101.20 in Jun 2024 with 2.10%.
That mix suggests the down phase was more of a stagnation-and-dip episode than a deep collapse in index level. In housing markets, that kind of pattern is common when transaction conditions soften before sellers fully reset pricing expectations.
Late 2025 into early 2026 shows a split market rather than a uniform surge
In the Jan 2026 to Apr 2026 stretch, the dataset shows strong dispersion across the five recurring series. In Apr 2026, the readings are 103.50, 121.90, 105.30, 109.60, and 102.00, with annual growth rates of 3.80%, 7.40%, 3.50%, 2.80%, and 3.90%.
The same unevenness is visible in Mar 2026. The five readings then were 106.70, 101.40, 121.90, 105.50, and 102.70, while annual growth came in at 1.70%, -0.70%, 7.40%, 2.80%, and 0.00%. In Feb 2026, the corresponding index values were 104.60, 103.10, 121.90, 107.20, and 101.80, with year-on-year change of 2.90%, 1.60%, 7.40%, 2.90%, and 1.10%.
For analysts, this is a reminder that the UK housing cycle rarely moves as a single national block. Even when the aggregate reading is improving, different parts of the market can still be posting anything from -0.70% to 7.40% annual change in the same month.
This pattern also sits alongside mortgage-rate-focused coverage in "Housing market steady despite higher mortgage rates: Zoopla" (mpamag.com, 2026-04-28), which is relevant because the latest HPI readings show resilience in some parts of the market without a universally strong upswing across all series.
The clearest takeaway is the sequence of peak, dip and rebuild
Based on the full dataset through Apr 2026, the national story can be read in three stages: a soft patch around 98.70 to 99.50 in spring 2024, a rebuild through late 2024 and early 2025, and a latest reading of 103.50 with 3.80% annual growth. That places current GB pricing above the weaker part of the cycle, but below the dataset’s standout high of 121.90.
A compact view of the national turning points is below:
| Period | Price index | YoY change |
|---|---|---|
| Apr 2024 | 98.90 | 2.00% |
| May 2024 | 98.70 | -0.10% |
| Aug 2024 | 102.60 | 1.60% |
| Dec 2024 | 100.40 | 3.00% |
| Mar 2025 | 102.10 | 5.30% |
| Apr 2025 | 99.70 | 1.40% |
| Oct 2025 | 102.50 | 1.90% |
| Jan 2026 | 103.80 | 1.70% |
| Apr 2026 | 103.50 | 3.80% |
For practical readers, that sequence matters more than any single monthly move. The market shown here has already passed through a cooling phase and is now higher than its softer 2024 base, but the broader dataset still shows a meaningful gap between the national reading and the strongest peak visible in the same period set.
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Published: July 6, 2026