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.

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.

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 real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in the United Kingdom was modeled to stand at ************** U.S. dollars in 2024. Between 2017 and 2024, the real estate transaction value rose by ************* U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The real estate transaction value will steadily rise by ************* U.S. dollars over the period from 2024 to 2029, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Residential Real Estate Transactions.

This statistic displays the total number of dwellings in Great Britain from 2003 to 2017. It can be seen that the number of dwellings in Great Britain increased year on year during the period observed, from approximately 25.16 million dwellings in 2003 to over 27.95 million dwellings in 2017.

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 monthly house price index in London has increased since 2015, albeit with fluctuation. In August 2025, the index reached 99.1, which is a slight decrease from the same month in 2024. Nevertheless, prices widely varied in different London boroughs, with Kensington and Chelsea being the priciest boroughs for an apartment purchase.

While the market has recovered well since the financial crisis, often growing by a double-digit percentage year-on-year, rising economic uncertainties will dampen the prospects for future growth over the coming years. During 2017-21, gross advances are expected to record a CAGR of 5.7%, reaching £327.0bn by the end of the forecast period. Read More

This statistic shows the impression of Chartered Surveyors on the number of newly agreed residential real estate sales in the United Kingdom in 2017, by region. In the UK, numbers on the real estate market are provided once per year through the English Housing Survey, a continuous national survey commissioned by th UK Rese Department for Communities and Local Government (DCLG). For a monthly overview, theidential Market Survey from the Royal Institution of Chartered Surveyors (RICS) is often used. In ***********, the region of London was deemed to witness a decrease in residential real estate sales with regions further away from the capital being more upbeat.

Additional affordable dwellings by local authority district, England 1991-92 to 2016-17 This dataset describes the additions to the stock of affordable housing from the period 1991-92 to 2016-17, broken down by local authority district. Note that over that period, there have been numerous changes to the structure of local government, therefore some districts do not have values for the full series of years, only for those years when the corresponding local authority was in operation. Affordable housing is the sum of affordable rent, social rent, intermediate rent and affordable home ownership. Affordable homes are defined in line with the National Planning Policy Framework, published 27 March 2012, as housing units (or traveller pitches and bed spaces when describing a shared dwelling such as a hostel) provided to specified eligible households whose needs are not met by the market. Eligibility may be determined with regard to local authority allocations policies, local incomes and local house prices depending on the type of affordable housing. Affordable housing should include provisions to remain at an affordable price for future eligible households or for the subsidy to be recycled for alternative affordable housing provision. Affordable rented housing is a new form of social housing, introduced in 2011 as the main type of affordable housing supply. It may only be delivered with grant through the Affordable Homes Programme 2011-17 and other associated and subsequent programmes or without grant by local authority and other providers, where a contract or confirmation of the ability to charge an affordable rent is in place. Affordable rented homes are let by local authorities or private registered providers of social housing to households who are eligible for social rented housing. Affordable rent is subject to rent controls that require a rent of up to 80 per cent of the local market rent (including service charges, where applicable). Social rented housing is rented housing owned and managed by local authorities and private registered providers, for which target rents are determined through the national rent regime. It may also include rented housing managed by other persons and provided under equivalent rental arrangements to the above. Intermediate affordable housing is housing at prices and rents above those of social rent but below market price or rents, and which meet the criteria as set out in the definition for affordable housing. These can include equity loan products, shared ownership and intermediate rent. The data in this dataset were derived from Tables 1006C, 1006aC, 1007C and 1008C of the DCLG 'Live statistical tables', available in the form of Excel spreadsheets here. For further guidance see the Affordable Housing Supply: April 2016 to March 2017 England Statistical Release.

"Bathroom Textiles 2017", report offers comprehensive insight and analysis of the UK market, the major players, the main trends, and consumer attitudes. The bathroom textiles market is forecast to grow by 8.7% from 2017 to 2022. This will mainly be driven by replacement purchases, particularly amid a dampened housing market. Read More

Following the COVID-19 pandemic in 2020, the number of residential mortgage approvals in the UK plummeted. As the measures eased, the market rebounded, peaking at ******* mortgage approvals in November 2020. In 2022 and 2023, mortgage lending declined again as a response to the rising mortgage interest rates and the cooling of the housing market. In May 2025, the number of mortgage approvals exceeded *******—up from about ****** in the same month a year ago. The increase indicated a rise in mortgage demand and an improvement in consumer sentiment.

this dataset shows the average price of houses and their year % change for April2011 to April2012. Data is displayed at the Euro region for England and Wales. Dat was sourced from the land registry (http://www.landregistry.gov.uk/public/house-prices-and-sales) and combined with data released under the OS Open data agreement. GIS vector data. This dataset was first accessioned in the EDINA ShareGeo Open repository on 2012-06-29 and migrated to Edinburgh DataShare on 2017-02-21.

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.

This statistic shows the average residential real estate sales to stocks ratio per real estate agent in the United Kingdom in ***********, by region. The sales to stocks ratio measures whether real estate agents sell more houses than they have in their books. In the United Kingdom, numbers on the real estate market are provided once per year through the English Housing Survey, a continuous national survey commissioned by the Department for Communities and Local Government (DCLG). For a monthly overview, the UK Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS) is often used. In ***********, the average sales to stock ratio of real estate in England and Wales reached a number of ***, indicating a real estate would sell approximately *** houses of the ** he/she had in his/her books.

During the period under observation, the number of property insurance claims notified in the United Kingdom (UK) has seen a year-on-year decrease. In 2017, the UK property insurance companies operating on the domestic market received 1.23 million claims which was almost half of the claims notified in 2013.

Houseboat and caravan dwellers form part of our local housing market. This dataset aims to bring together some information to help us see the scale of the issue in our local area. Image take from Wikimedia Commons https://commons.wikimedia.org/ This includes Cambridge East Cambridgeshire Fenland Huntingdonshire South Cambridgeshire Forest Heath St Edmundsbury Peterborough This data is simply a starting point, being launched in April 2017, and at this stage is looking to bring existing data together to shed some light on the scale of this part of our housing market. There are two source of data: 1. Council Tax records identifying the number of houseboat dwellers in 2015 and 2016. 2. A web search for local marinas and moorings in the local area, undertaken in April 2017. We are very pleased to have now uploaded geo-coded data on the location of some of the marinas and moorings across the area, and hope to add more data and maps in future.

Houseboat and caravan dwellers form part of our local housing market.

This dataset aims to bring together some information to help us see the scale of the issue in our local area.

https://upload.wikimedia.org/wikipedia/commons/f/fb/Narrowboats_at_Tibberton._-_geograph.org.uk_-_709129.jpg" alt="Alt text" title="Houseboats" /> Image take from Wikimedia Commons https://commons.wikimedia.org/

This includes

• Cambridge
• East Cambridgeshire
• Fenland
• Huntingdonshire
• South Cambridgeshire
• Forest Heath
• St Edmundsbury
• Peterborough

This data is simply a starting point, being launched in April 2017, and at this stage is looking to bring existing data together to shed some light on the scale of this part of our housing market.

There are two source of data: 1. Council Tax records identifying the number of houseboat dwellers in 2015 and 2016. 2. A web search for local marinas and moorings in the local area, undertaken in April 2017.

We are very pleased to have now uploaded geo-coded data on the location of some of the marinas and moorings across the area, and hope to add more data and maps in future.

This statistic shows the annual savings made by first time buyers, resulting from the decision of purchase against rental of the three bedroom home in the United Kingdom (UK) in 2017. Although London had the highest annual costs for both buying and renting first time property, it also saw the highest average annual savings with almost 2.2 thousand British pounds in 2017. The United Kingdom (UK) as a whole saw an average annual savings of 900 British pounds for first time buyers as opposed to renters in 2017.