Housing Index in the United Kingdom increased to 517.10 points in October from 514.20 points in September of 2025. This dataset provides - United Kingdom House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in June 2025, prices reached a new peak, with the average home costing ******* British pounds. This figure refers to all property types, including detached, semi-detached, terraced houses, and flats and maisonettes. Compared to other European countries, the UK had some of the highest house prices. How have UK house prices increased over the last 10 years? Property prices have risen dramatically over the past decade. According to the UK house price index, the average house price has grown by over ** percent since 2015. This price development has led to the gap between the cost of buying and renting a property to close. In 2023, buying a three-bedroom house in the UK was no longer more affordable than renting one. Consequently, Brits have become more likely to rent longer and push off making a house purchase until they have saved up enough for a down payment and achieved the financial stability required to make the step. What caused the recent fluctuations in house prices? House prices are affected by multiple factors, such as mortgage rates, supply, and demand on the market. For nearly a decade, the UK experienced uninterrupted house price growth as a result of strong demand and a chronic undersupply. Homebuyers who purchased a property at the peak of the housing boom in July 2022 paid ** percent more compared to what they would have paid a year before. Additionally, 2022 saw the most dramatic increase in mortgage rates in recent history. Between December 2021 and December 2022, the **-year fixed mortgage rate doubled, adding further strain to prospective homebuyers. As a result, the market cooled, leading to a correction in pricing.

After a period of rapid increase, house price growth in the UK has moderated. In 2025, house prices are forecast to increase by ****percent. Between 2025 and 2029, the average house price growth is projected at *** percent. According to the source, home building is expected to increase slightly in this period, fueling home buying. On the other hand, higher borrowing costs despite recent easing of mortgage rates and affordability challenges may continue to suppress transaction activity. Historical house price growth in the UK House prices rose steadily between 2015 and 2020, despite minor fluctuations. In the following two years, prices soared, leading to the house price index jumping by about 20 percent. As the market stood in April 2025, the average price for a home stood at approximately ******* British pounds. Rents are expected to continue to grow According to another forecast, the prime residential market is also expected to see rental prices grow in the next five years. Growth is forecast to be stronger in 2025 and slow slightly until 2029. The rental market in London is expected to follow a similar trend, with Outer London slightly outperforming Central London.

House prices in the UK rose dramatically during the coronavirus pandemic, with growth slowing down in 2022 and turning negative in 2023. The year-on-year annual house price change peaked at 14 percent in July 2022. In April 2025, house prices increased by 3.5 percent. As of late 2024, the average house price was close to 290,000 British pounds. Correction in housing prices: a European phenomenon The trend of a growing residential real estate market was not exclusive to the UK during the pandemic. Likewise, many European countries experienced falling prices in 2023. When comparing residential property RHPI (price index in real terms, e.g. corrected for inflation), countries such as Germany, France, Italy, and Spain also saw prices decline. Sweden, one of the countries with the fastest growing residential markets, saw one of the largest declines in prices. How has demand for UK housing changed since the outbreak of the coronavirus? The easing of the lockdown was followed by a dramatic increase in home sales. In November 2020, the number of mortgage approvals reached an all-time high of over 107,000. One of the reasons for the housing boom were the low mortgage rates, allowing home buyers to take out a loan with an interest rate as low as 2.5 percent. That changed as the Bank of England started to raise the base lending rate, resulting in higher borrowing costs and a decline in homebuyer sentiment.

Affordability ratios calculated by dividing house prices by gross annual residence-based earnings. Based on the median and lower quartiles of both house prices and earnings in England and Wales.

The house price index in London reached 99.1 index points in May 2025, which was an increase of 2.2 percent year on year. The house price index (HPI) is an easy way of illustrating trends in the house sales market and help simplify house purchase decisions. By using hedonic regression, the index models property price data for all dwellings and shows how much the price has changed since January 2023. Average house prices in Londnon boroughs Location plays a huge role in the price of a home. Kensington and Chelsea and City of Westminster are undoubtedly the most expensive boroughs in London, with an average house price that can exceed one million British pounds. In comparison, a house in Barking and Dagenham cost approximately one third. Nevertheless, the housing market is the busiest in the boroughs with average house prices. How have regional house prices in the UK developed? House prices in other UK regions have risen even more than in London. In Northern Ireland, the house price index reached nearly 120 index points in May 2025, ranking it among the regions with the highest property appreciation. The UK house price index stood at 103 index points, suggesting an increase of 51 percent since 2015.

The average house price in Scotland has increased since 2015, with minor fluctuations over time. The house price index is calculated using data on housing transactions and measures the development of house prices, with January 2023 chosen as a base year when the index value was set to 100. In May 2025, the index reached 109.3, suggesting a house price growth of 6.4 percent since May 2024 and 9.3 percent since 2023. Among the different regions in the UK, the West and East Midlands experienced the strongest growth.

These National Statistics provide monthly estimates of the number of residential and non-residential property transactions in the UK and its constituent countries. National Statistics are accredited official statistics.

England and Northern Ireland statistics are based on information submitted to the HM Revenue and Customs (HMRC) Stamp Duty Land Tax (SDLT) database by taxpayers on SDLT returns.

Land and Buildings Transaction Tax (LBTT) replaced SDLT in Scotland from 1 April 2015 and this data is provided to HMRC by https://www.revenue.scot/">Revenue Scotland to continue the time series.

Land Transaction Tax (LTT) replaced SDLT in Wales from 1 April 2018. To continue the time series, the https://gov.wales/welsh-revenue-authority">Welsh Revenue Authority (WRA) have provided HMRC with a monthly data feed of LTT transactions since July 2021.

LTT figures for the latest month are estimated using a grossing factor based on data for the most recent and complete financial year. Until June 2021, LTT transactions for the latest month were estimated by HMRC based upon year on year growth in line with other UK nations.

LTT transactions up to the penultimate month are aligned with LTT statistics.

Go to Stamp Duty Land Tax guidance for the latest rates and information.

Go to Stamp Duty Land Tax rates from 1 December 2003 to 22 September 2022 and Stamp Duty: rates on land transfers before December 2003 for historic rates.

The latest release was published 09:30 28 November 2025 and was updated with provisional data from completed transactions during October 2025.

The next release will be published 09:30 09 January 2026 and will be updated with provisional data from completed transactions during November 2025.

https://webarchive.nationalarchives.gov.uk/ukgwa/20240320184933/https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above">Archive versions of the Monthly property transactions completed in the UK with value of £40,000 or above are available via the UK Government Web Archive, from the National Archives.

The average house price in Northern Ireland has increased since 2015, with minor fluctuations over time. The house price index is calculated using data on housing transactions and measures the development of house prices, with 2023 chosen as a base year when the index value was set to 100. In May 2025, the house price index reached 113.9, meaning that house prices have grown by nearly 14 percent since January 2023 and 9.5 percent since the same month a year ago. Among the different regions in the UK, the West and East Midlands experienced the strongest growth.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

In December 2024, the average house price in England was pricier than in any other country. This considerable disparity in average house prices is in no small part down to the country's capital city, where the average asking price was more than double that of the UK’s average. Even in London, for those who can afford a mortgage, the savings made through buying over renting can be beneficial. What drives house prices? Average house prices are affected by several factors, including economic growth, unemployment, and interest rates. Housing supply also plays a considerable role, with a shortage of supply leading to increased competition and an upward push in prices. Conversely, an excess of housing means prices fall to stimulate buyers. House prices still set to grow The housing market in the UK is expected to continue to grow in the next years. By 2029,.the annual number of housing transactions is set to reach *** million. With transactions on the rise, the average house price is also set to rise.

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Tiny Homes Market Size 2025-2029

The tiny homes market size is valued to increase USD 3.71 billion, at a CAGR of 4.2% from 2024 to 2029. Affordable by mass section of population will drive the tiny homes market.

Major Market Trends & Insights

North America dominated the market and accounted for a 55% growth during the forecast period.
By Product - Mobile tiny homes segment was valued at USD 9.64 billion in 2023
By Application - Home use segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 37.94 million
Market Future Opportunities: USD 3713.10 million
CAGR : 4.2%
North America: Largest market in 2023

Market Summary

The market represents a burgeoning sector in the residential real estate industry, characterized by its focus on compact, affordable living solutions. This market encompasses a range of core technologies and applications, from innovative building materials and modular construction methods to renewable energy systems and smart home automation. Service types and product categories include design and construction services, as well as the sale of prefabricated tiny homes and accessories. Despite regulatory challenges in some regions, the market continues to expand, driven by the growing trend of customization and the affordable nature of tiny homes, making them an attractive option for a mass section of the population. However, limited demand from developing economies presents a significant challenge. In the United States, for instance, the American Tiny House Association reports that the number of tiny homes registered with the organization has grown by over 50% since 2019. This underscores the evolving nature of the market and the opportunities it presents for businesses and consumers alike.

What will be the Size of the Tiny Homes Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Tiny Homes Market Segmented and what are the key trends of market segmentation?

The tiny homes industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ProductMobile tiny homesStationary tiny homesApplicationHome useCommercial useAreaLess Than 130 Sq. Ft.130-500 Sq. Ft.More Than 500 Sq. Ft.Less Than 130 Sq. Ft.130-500 Sq. Ft.More Than 500 Sq. Ft.Price RangeBudgetMid-rangePremiumMaterialWoodMetalRecycledGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalySpainUKMiddle East and AfricaUAEAPACChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By Product Insights

The mobile tiny homes segment is estimated to witness significant growth during the forecast period.

The market has experienced significant expansion in recent years, with mobile tiny homes, characterized by permanently affixed chassis, witnessing substantial growth. These homes are manufactured in factories and transported to their intended sites via wheels or trucks. The affordability of mobile tiny homes makes them a popular solution in the affordable housing sector in various countries. The increasing cost of conventional houses in numerous nations is driving the demand for these compact living solutions. Young adults and retirees, seeking to save on housing expenses, are the primary consumer groups fueling the market's growth. According to recent data, the adoption of tiny homes has risen by approximately 18%, and it is projected to expand further, reaching around 25% in the upcoming five years. In terms of market trends, green building practices and energy-efficient appliances are gaining traction. Interior finishing materials, such as reclaimed wood and recycled materials, are increasingly popular. Water conservation methods, like rainwater harvesting and greywater recycling, are being integrated into tiny home designs. Site preparation techniques, like minimal excavation and foundation system designs, are being optimized for efficient construction. Structural engineering designs focus on maximizing space through innovative layouts and smart home integration. Prefabricated housing and alternative building methods, like modular construction, are streamlining the construction process. Plumbing system installations and wastewater treatment systems are being designed for off-grid living. Insulation techniques, transportation logistics, permitting and approvals, and building code compliance are all crucial aspects of the market. The durability and longevity of tiny homes are essential considerations, with sustainable building materials and hvac system optimization being key factors. Cost estimation models, downsizing and minimalism, and mobile home foundations are also significant market trends. Electrical system designs prioritize fire s

During the COVID-19 pandemic, the number of house sales in the UK spiked, followed by a period of decline. In 2023 and 2024, the housing market slowed notably, and in January 2025, transaction volumes fell to 46,774. House sales volumes are impacted by a number of factors, including mortgage rates, house prices, supply, demand, as well as the overall health of the market. The economic uncertainty and rising unemployment rates has also affected the homebuyer sentiment of Brits. How have UK house prices developed over the past 10 years? House prices in the UK have increased year-on-year since 2015, except for a brief period of decline in the second half of 2023 and the beginning of 2024. That is based on the 12-month percentage change of the UK house price index. At the peak of the housing boom in 2022, prices soared by nearly 14 percent. The decline that followed was mild, at under three percent. The cooling in the market was more pronounced in England and Wales, where the average house price declined in 2023. Conversely, growth in Scotland and Northern Ireland continued. What is the impact of mortgage rates on house sales? For a long period, mortgage rates were at record-low, allowing prospective homebuyers to take out a 10-year loan at a mortgage rate of less than three percent. In the last quarter of 2021, this period came to an end as the Bank of England rose the bank lending rate to contain the spike in inflation. Naturally, the higher borrowing costs affected consumer sentiment, urging many homebuyers to place their plans on hold and leading to a decline in sales.

Discover the booming European luxury residential real estate market! This in-depth analysis reveals a €50 billion market (2025), projecting a CAGR exceeding 4% through 2033. Explore key drivers, trends, and challenges impacting the UK, Germany, France, and other European nations. Learn about leading players and investment opportunities in this lucrative sector. Recent developments include: August 2022: Slate Asset Management, a global alternative investment platform that focuses on real assets, stated that it had paid more than NOK 1.5 billion (USD 0.15 billion) for a portfolio of 36 key real estate properties in Norway. Following closely on the heels of the company's initial two portfolio purchases in the area in December 2021 and March 2022, this deal increases Slate's presence in Norway to a total of 63 critical real estate assets., January 2022: Instone Real Estate, one of the leading residential developers in Germany, continued its successful cooperation with LEG with the sale of around 330 apartments. The transaction includes 96 privately financed rental apartments on the west side site in Bonn-Endenich. In addition, a further 236 rental apartments in the Literature Quarter in Essen - 52 of which are publicly funded and 184 privately financed - are part of the apartment package that LEG Solution acquired as part of a forward deal for the existing LEG companies.. Key drivers for this market are: Rising Commercial Property Development, Rapid Digitalization of Commercial Construction. Potential restraints include: Emerging Safety and Labour Issues, Rise in Cost of Construction. Notable trends are: Largest Real Estate Companies in Europe.

Success.ai’s Commercial Real Estate Data and B2B Contact Data for Global Real Estate Professionals is a comprehensive dataset designed to connect businesses with industry leaders in real estate worldwide. With over 170M verified profiles, including work emails and direct phone numbers, this solution ensures precise outreach to agents, brokers, property developers, and key decision-makers in the real estate sector.

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According to the forecast, house prices in London are expected to continue to increase until 2029. During the five-year period from 2025 to 2029, the house prices for mainstream properties are forecast to rise by **** percent. In 2023, the average house price in London ranged between ******* British pounds and *** million British pounds, depending on the borough. Barking and Dagenham, Bexley, Newham, and Croydon were some of the most affordable boroughs to buy a house.

The European prefabricated buildings market is experiencing robust growth, projected to reach a market size of €57.87 million in 2025, expanding at a Compound Annual Growth Rate (CAGR) of 5.41% from 2025 to 2033. This expansion is fueled by several key drivers. Increasing urbanization and the need for rapid construction solutions are significantly boosting demand. Prefabrication offers faster construction times, reduced labor costs, and improved sustainability compared to traditional methods, making it an attractive option for both residential and commercial projects. Furthermore, government initiatives promoting sustainable construction practices and advancements in prefabrication technology, including modular designs and improved materials, are contributing to market growth. The residential segment currently dominates the market, driven by the rising need for affordable and efficient housing solutions. However, the commercial sector is also witnessing substantial growth, propelled by the increasing demand for office spaces and other commercial buildings. Key players such as Laing O'Rourke, Bouygues Construction, and Skanska AB are leveraging technological advancements and strategic partnerships to enhance their market positions. While the market presents significant opportunities, certain challenges exist. Fluctuations in raw material prices and potential supply chain disruptions pose risks. Moreover, regulatory hurdles and the need for widespread public acceptance of prefabricated buildings in some regions might impede faster market penetration. Nevertheless, ongoing innovations in design, materials, and construction techniques are expected to overcome these obstacles, leading to sustained market growth across major European countries like Germany, France, and Italy, supported by strong governmental support for sustainable construction and housing initiatives in these key markets. The “Other Applications” segment, encompassing various niche uses of prefabricated structures, is also expected to exhibit steady growth. Recent developments include: In January 2022, the University of Oxford appointed its long-standing partner, Laing O'Rourke to deliver the Stephen A. Schwarzman Centre for the Humanities. The award could signify one of the university's largest single-building projects and would see Laing O'Rourke deliver its 12th project for a client it has worked with for two decades. The new building is estimated to bring nine faculties, institutes, and seven libraries and collections into one home, with sustainable, flexible, accessible spaces for graduate postgrad and post-doc learning, research, and experimentation. Performance and public engagement spaces form a key element of the project, with a 500-seat concert hall designed with global-leading acoustic capability, a 250-seat theater, and a film screening area. It is estimated to form the centerpiece of the Radcliffe Observatory Quarter (ROQ) and is estimated to be surrounded by an inviting landscaped space, connecting the wider community throughout., In August 2021, Uliving, a brand of Linkcity UK (the property development subsidiary of Bouygues UK) specializing in student accommodation, won a 50-year concession contract to construct and provide facilities management services for a 1,262-bedroom project at the University of Essex in consortium with Equitix, its equity partner. The contract is worth GBP 168 million (EUR 194 million).. Notable trends are: Wooden Prefabricated Buildings Hold the Largest Share in the Sector.

Private companies were responsible for most of the new homes built in the United Kingdom (UK), amounting to ******* units in 2024. Housing completions in the UK decreased for three years in a row between 2007 and 2010. This was followed by several years of fluctuation and a gradual increase from 2013 to 2019. The number of homes completed in England remained relatively stable in 2022 and 2023, after reaching a low point in the second quarter of 2020 due to the restrictions implemented to prevent the spread of COVID-19. Construction starts and completions Comparing the number of starts and completions in London side-by-side shows that whenever there is a significant growth or fall in the number of projects started, that peak or valley tends to be reflected in the number of buildings completed a couple of years later. Nevertheless, disruptions, delays, and other obstacles may affect that correlation. Still, observing how many home construction projects started in the UK can provide some insight into the level of activity that construction companies may have in the near future. Given that the number of housing starts is forecast to fall in 2024, there might be slightly less work to be carried out the following year. Nevertheless, housing starts are expected to pick up again by 2025 and 2026. Housing associations in the UK Housing associations are not-for-profit organizations created to develop and rent homes for a lower price than in the private market. They have acquired certain relevance in the UK, although this type of organization also exists in other countries. On several occasions during the past decade, over a fifth of housing starts in London were developed by housing associations. Meanwhile, the number of new homes completed in Scotland by housing associations has increased a lot throughout the years, with several thousand units constructed every year during the past decades.

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.