Darren Murphy’s Market Update

Posted on Thursday, February 26, 2026

 

The residential property market in the London Borough of Hillingdon enters March 2026 with a clear pattern: a steady and gentle upward movement in sales values and persistent pressure in the lettings sector, underpinned by strong local fundamentals and sustained demand. The latest official data provides a reliable snapshot of where the borough stands as spring approaches.

Sales market: steady growth and renewed confidence

Hillingdon’s sales market continues to show modest but meaningful price growth. The average house price reached £478,000 in December 2025, a 1.3% annual increase compared with December 2024. This contrasts with London as a whole, where average prices showed little change over the same period.

Additional market indicators reinforce this picture of stability:

  • First?time buyers paid an average of £407,000 in December 2025, highlighting ongoing affordability challenges but also sustained entry?level demand.
  • House prices grew by 1.2% in the 12 months to November 2025, outperforming London, where prices fell by 1.9% over the same period.
  • Hillingdon’s long?term supply pipeline remains strong, with the borough able to demonstrate a 6.5?year supply of deliverable housing sites, well above the minimum requirement.

These factors combine to create a market entering March with measured confidence.

Buyers are returning as mortgage rates stabilise, and family homes - particularly semi?detached properties - remain the most sought?after segment.

Lettings market: rising rents and tight availability

The lettings market remains under significant pressure. Average private rents rose to £1,548 in January 2026, an annual increase of 2.5%, outpacing the London-wide rise of 1.1%.

Several forces are shaping conditions:

  • High tenant demand, driven by Heathrow, Brunel University, and strong employment links.
  • Limited rental stock, following increasing landlord exits and regulatory uncertainty.
  • Affordability ceilings, which are slowing the pace of rent increases but keeping values high.

Areas such as Uxbridge, Ruislip, and West Drayton remain especially competitive, with well?presented homes letting quickly and often attracting multiple applicants.

The outlook for March and beyond

Hillingdon moves into March with a balanced but strengthening market. Sales values are rising at a slow but steady pace, supported by strong local demand and a robust development pipeline. The lettings sector remains landlord?favoured, with rents elevated and supply constrained.

The borough’s combination of connectivity, relative affordability, and diverse housing stock positions it well for continued stability as the spring market gathers momentum.

As always, the team and myself are here to help you with your plans.

Yours

Darren Murphy

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