UK house price latest 2025: what's happening to property values near you

The average house price jumped 4.3% over the last year, but the market will likely be more subdued in the months ahead. See what's happening to values near you.

Feeling a bit lost with so many house price reports out there? 

The HomeOwners Alliance House Price Watch looks at all the information from the various property indices to give you one easy-to-digest round-up of everything you need to know.

So, let's look at how prices have changed over the past month and year.

What’s going on with house prices?

When you average out the latest figures reported by all the major indices, prices jumped 0.3% in the last month alone (see table below).

Looking over the longer term, which generally provides a more reliable snapshot of the housing market's performance, prices increased by 4.3% over the last 12 months.

This means the average home is now worth £271,000, according to the Land Registry – which has the most comprehensive set of property data. 

What will happen to house prices for the rest of 2025?

While the housing market has started the year strongly with prices rising and demand from buyers up year-on-year, the end of the Stamp Duty holiday last month is likely to subdue the market.

However, Halifax believes this will be short-lived and prices will see a modest increase for throughout the remainder of the year.

“We know Stamp Duty changes prompted a surge in transactions in the early part of this year, as buyers rushed to beat the tax-rise deadline.

“While the market has cooled slightly since this rush, buyer activity remains strong in comparison to recent years.

“Mortgage rates have continued to fall, with most lenders now offering rates below 4%.

"Coupled with positive earnings growth that has outpaced inflation, these factors have helped to steadily improve affordability for many buyers.

“There is likely to be a bump-up in Consumer Price Inflation, but with further Base Rate cuts expected, we anticipate a similar trend of modest price growth this year."

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What's happening to house prices near me?

Land Registry has the most comprehensive data regarding housing stock, and it provides a handy regional breakdown of house prices across the UK.

This data takes slightly longer to compile, so isn't quite as up-to-date as the other property indices – its latest prices cover up to March 2025 – but it nonetheless provides an interesting insight into how areas are faring relative to each other. 

In the 12 months up to that point, prices increased in every region.

The housing market in the North East of England has proved the by far most buoyant over that period, with prices jumping a staggering 14.5% during that period.

Northern Ireland (9.5%), Yorkshire & Humber (9.5%) and the North West of England (9.4%) also saw strong growth over the year.

However, property values were far more subdued in London, where prices increased just 0.8%.

See the table below for a full breakdown of prices by region. 

What the indices say

HomeOwners Alliance
With higher Stamp Duty rates starting 1 April, there was a massive spike in transactions in March to beat the Stamp Duty deadline - 177K transactions, more than double the level seen last March.

“It's not surprising that buyer demand cooled in April.

“And with homes for sale at their highest level in a decade, house price growth continues to be relatively modest.

“Reports are that agreed sales continue to be ahead of last year and with mortgage affordability improving, activity is expected to regain pace in the months ahead.

Rightmove
“The average price of property coming to market for sale rises by 1.4% (+£5,312) in April to £377,182.

“A snapshot of the post-Stamp-Duty-increase market suggests movers are carrying on and have adjusted to the tax rise as the level of agreed sales falling through remains steady -- most buyers who missed the deadline are still proceeding.

“After a busier than usual March, new buyer demand slowed in April to 4% below the same month in 2024.

“However, demand in the year to date is still 3% ahead of last year and the number of sales being agreed in the last month is 5% higher than at this time last year indicating that with a decade high number of homes for sale (homes for sale are 14% ahead of last year), spoiled for choice buyers are still being tempted by the right property at the right price.

“As new seller activity outpaces new buyer demand, some caution on price expectations is needed to achieve a sale.”

Nationwide
“April saw a slowing in UK house price growth to 3.4%, from 3.9% in March falling -0.6% month on month.

“The softening in house price growth was to be expected, given the changes to Stamp Duty.

“Early indications suggest there was a significant jump in transactions in March, with buyers bringing forward purchases to avoid additional tax obligations.

“The market is likely to remain a little soft in the coming months, following the pattern typically observed following the end of Stamp Duty holidays.

“Nevertheless, activity is likely to pick up steadily as Summer progresses, since underlying conditions for potential home buyers in the UK remain supportive.

“Borrowing costs are likely to moderate if the Bank Rate is lowered further in the coming quarters as we and most other analysts expect.

“Indeed, swap rates (which underpin fixed rate mortgage pricing) have moderated in recent weeks.”

Halifax
"UK house prices rose by +0.3% in April. The annual growth rate also ticked up to +3.2%.

“We know Stamp Duty changes prompted a surge in transactions in the early part of this year, as buyers rushed to beat the tax-rise deadline.

“However, this didn't lead to a significant increase in property prices, with the last six months characterised by a stability in prices rarely seen since the pandemic.

“While the market has cooled slightly since this rush, buyer activity remains strong in comparison to recent years.

“Mortgage rates have continued to fall, with most lenders now offering rates below 4%. Coupled with positive earnings growth that has outpaced inflation, these factors have helped to steadily improve affordability for many buyers.

“There is likely to be a bump-up in Consumer Price Inflation, but with further Base Rate cuts expected, we anticipate a similar trend of modest price growth this year."

Zoopla
“Buyer demand has cooled in recent weeks (but is still 1% higher than last year), tempered by the end of Stamp Duty relief, seasonal factors and economic uncertainty.

“The supply of homes for sale continues to expand (12% higher than a year ago), slowing house price inflation.

“We expect continued growth in sales agreed (which are 6% higher than a year ago), and slow but steady house price inflation (predicted to slow towards 1% to 1.5% in the coming months).”

RICS
"The April 2025 RICS UK Residential Survey results point to a further weakening across the sales market, evidenced by measures of activity slipping deeper into negative territory over the month.

“Similarly, near-term expectations suggest this subdued trend will persist through spring, albeit sentiment regarding the twelve-month outlook appears somewhat more resilient at this stage.”