FX.co ★ UK RICS House Price Balance Improves in January, Signals Easing Downturn

The UK housing market showed tentative signs of stabilisation at the start of 2026, as the RICS House Price Balance improved in January. The indicator rose to -10% in January 2026 from -14% in December 2025, according to data updated on 12 February 2026.

Although the balance remains in negative territory, indicating that more surveyors still report falling rather than rising prices, the smaller negative reading suggests the pace of decline is easing. The shift from -14% to -10% points to a moderation in downward pressure on house prices as the new year began.

Market participants will be watching upcoming releases to see whether January’s improvement marks the beginning of a sustained stabilisation or a temporary pause in the housing market’s recent softness across the United Kingdom.