Average UK house prices increased by 6.4% to £271,000, in the 12 months to March 2025. This annual growth was up from 5.5% in the 12 months to February 2025, according to the latest UK House Price Index from the Office for National Statistics.
On a country-by country basis, the average house price for England was £296,000 in March 2025, up 6.7% (£19,000) from a year earlier. This annual rise was higher than in the 12 months to February 2025 (5.4%).
The average house price for Wales was £208,000 in March 2025, up 3.6% (£7,000) from a year earlier. This annual rise was lower than in the 12 months to February 2025 (4.2%).
The average house price for Scotland was £186,000 in March 2025, up 4.6% (£8,000) from a year earlier. This annual rise was lower than in the 12 months to February 2025 (5.3%).
And the average house price for Northern Ireland was £185,000 in Quarter 1 (Jan to Mar) 2025, up 9.5% (£16,000) from Quarter 1 2024.
Commenting on the latest data and current market trends group sales director for ModaMortgages and CHL Mortgages for Intermediaries Darrell Walker said:
“It’s important to consider the timing of this data, as it was collected in the final run-up to the implementation of the new Stamp Duty changes. At that time, there were concerns that the surge in activity was temporary and that the market might revert to low levels of activity and growth.
He added that since then, the Bank of England has cut rates again, and average mortgage rates now sit a full percentage point below where they were this time last year.
“These developments should mean that the activity before the Stamp Duty changes was not a one-off anomaly. Investors are continuing to find ways to execute their plans, and we are experiencing high demand, even in the face of higher stamp duty costs.”
Foxtons chief sales officer Jean Jameson: “April followed an exceptionally strong March, with many buyers choosing to move early, ahead of the stamp duty deadline. That kind of shift is something we’ve seen before around tax changes and came as no surprise.
“While there was a temporary dip in applicant registrations, activity is already picking back up in May. Lower interest rates and growing buyer confidence are helping to drive momentum, and we’re optimistic about a busy few months ahead.”
Earlier this week Rightmove indicated a rise in house prices this Spring
