The UK property market has moved firmly into the spring season, with April bringing a noticeable increase in activity across both sales and lettings. As expected at this time of year, more homes are coming onto the market, buyer enquiries are rising, and overall momentum is building.
What stands out is the balance of conditions. The market is active, but not overheated. Increased housing supply, stable mortgage rates and ongoing affordability considerations are creating a more measured pace, where buyers, sellers, landlords and tenants are all adapting to more balanced conditions.
Buying: More Choice as Spring Supply Builds
Spring traditionally brings more properties to market and the latest Rightmove House Price Index from March 2026 shows that the average asking price of newly listed homes rose by 0.8% to £371,042, reflecting a typical seasonal uplift.
At the same time, the number of homes available for sale is at an 11-year high for this time of year, giving buyers more choice than they have had in recent years.
This increase in supply is helping to moderate price growth. While demand remains steady, buyers are taking more time to compare properties and assess value before committing.
Mortgage activity also reflects a stable market. According to the Bank of England, net mortgage approvals for house purchases rose to 62,600 in February 2026, up slightly from January, suggesting a gradual improvement in buyer confidence.
Tip for buyers:
With more homes available, April is a good time to compare options carefully. Being financially prepared with a mortgage agreement in principle will still help you move quickly when needed.
Selling: Stronger Activity, but More Competition Too
April remains one of the most popular months for sellers to bring properties to market. Improved weather, longer daylight hours and increased buyer activity all contribute to higher levels of interest.
However, the rise in available stock means sellers are facing more competition than in recent years. Buyers now have greater choice and are more likely to compare properties before making offers.
Rightmove’s latest data shows that while asking prices are rising seasonally, overall price growth remains modest. This reinforces the importance of realistic pricing, particularly where similar properties are available nearby.
The broader outlook for 2026 remains steady. According to Nationwide’s house price outlook, price growth is expected to remain in the region of 2% to 4% over the year, supported by improving affordability and stable economic conditions.
Tip for sellers:
Spring brings more buyers, but also more competing listings. Accurate pricing, strong presentation and having legal paperwork ready early can help secure a quicker and smoother sale.
Lettings & Landlords: Demand Holds, Growth Levels Off
The lettings market continues to see strong tenant demand, although rental growth is beginning to stabilise compared with previous years.
The latest Office for National Statistics data shows average UK private rents increased by 3.5% year-on-year to £1,374 per month in the 12 months to February 2026. While rents are still rising, the pace of growth has slowed compared with late 2025. While demand remains high, there are early signs that rent increases are slowing in some areas, as affordability limits are reached and tenants become more price-sensitive.
For landlords, this means the market is still supportive, but less forgiving of overpricing. Well-maintained, energy-efficient properties continue to attract the strongest interest.
Tip for landlords:
With rent growth easing, retaining good tenants becomes increasingly important. Regular maintenance and clear communication can help reduce void periods.
Tip for tenants:
Competition remains strong in many areas, particularly for well-presented homes. Being organised with references and documentation can help you secure a property more quickly.
Renters’ Rights Act: Changes from 1 May 2026
A key development for the lettings sector is the introduction of the Renters’ Rights Act, which comes into effect in England from 1 May 2026.
Government guidance confirms that the Act will introduce several important changes, including:
- The removal of Section 21 “no fault” evictions
- A move to periodic tenancies instead of fixed terms
- Rent increases limited to once per year
- Stronger rights for tenants to challenge excessive rent increases
- New rules around providing tenancy information to tenants
Implementation will take place over time, with existing tenancies transitioning to the new system rather than changing overnight.
For landlords and agents, this is a key period to review tenancy agreements, processes and compliance requirements. For tenants, it is an opportunity to better understand their rights ahead of the changes.
Useful for landlords:
Now is the time to review tenancy documentation and ensure processes align with the new legislation.
Useful for renters:
Reading the government guidance will help you understand what changes apply to your tenancy and what rights you will have moving forward.
Market Outlook
April 2026 reflects a market that is active but balanced. Buyer demand is improving, seller activity is increasing, and the lettings sector remains busy.
The key difference compared with recent years is the level of choice available, which is helping to create more stable and sustainable conditions across the market.
As the spring season continues, activity is expected to remain strong, with gradual price growth, steady rental demand and ongoing adjustment to legislative changes.
What Next?
The UK property market in April 2026 is characterised by stability and opportunity. Buyers have more options, sellers are benefiting from seasonal demand, and landlords continue to see consistent tenant interest.
Success in this market is less about timing and more about preparation. Whether buying, selling, letting or renting, being organised, realistic and well-informed will make the biggest difference.
Alter & Cope is here to support your next move in London. Call 0208 220 0820 or email enquiries@alterandcope.co.uk to speak with our team.
Note: The information in this article is based on the most recent data available as of March 2026 and may change. Always seek professional advice for specific circumstances.
