While the region saw a 0.8% month‑on‑month decline, this mirrors the national picture with the UK overall seeing prices fall 0.3% between December 2025 and January 2026.

Peter Graham, head of real estate and construction for the North at RSM UK, comments:

“Whilst the North West saw a month-on-month decline in house prices, the region continues to demonstrate a remarkable degree of resilience. The annual rise of 3.1% not only reflect sustained underlying demand but also the region’s strong fundamentals, from major regeneration initiatives to the ongoing rebalancing of the UK economy.

“Buyers and investors remain confident in the region’s long‑term trajectory. The North West is benefiting from improved transport connectivity, a strengthening labour market, and a growing appetite from both domestic buyers and institutional investors seeking value beyond the South.”

He added:

“However, the journey ahead for the market is not smooth sailing. House prices in the North West are rising just ahead of inflation which stayed at 3% in the year to February 2026 and the data reflects a period before the start of the conflict in the Middle East.

“The ongoing geopolitical uncertainty will have an impact of house prices in the coming months as mortgage rates and inflation both rise, which will have an adverse impact on affordability, particularly for first time buyers.”