Summary of UK House Price Index (HPI) price statistics covering England, Scotland, Wales and Northern Ireland. Full UK HPI data are available on GOV.UK.

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.

Average House Prices in the United Kingdom increased to 299862 GBP in October from 298215 GBP in September of 2025. This dataset includes a chart with historical data for the United Kingdom Average House Prices.

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.

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.

Quarterly house price data based on a sub-sample of the Regulated Mortgage Survey.

House Price Index YoY in the United Kingdom increased to 1.90 percent in October from 1.30 percent in September of 2025. This dataset includes a chart with historical data for the United Kingdom House Price Index YoY.

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.

Graph and download economic data for Real Residential Property Prices for United Kingdom (QGBR628BIS) from Q2 1968 to Q2 2025 about United Kingdom, residential, HPI, housing, real, price index, indexes, and price.

Key information about House Prices Growth

• UK house prices grew 1.8% YoY in Nov 2025, following an increase of 2.5% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1992 to Nov 2025, with an average growth rate of -15.9%.
• House price data reached an all-time high of 26.4% in Jan 2003 and a record low of -17.5% in Feb 2009.

House prices in England have increased notably in the last 10 years, despite a slight decline in 2023. In December 2024, London retained its position as the most expensive regional market, with the average house price at ******* British pounds. According to the UK regional house price index, Northern Ireland saw the highest increase in house prices since 2023.

This file includes a derived back series for the new UK HPI. Under the UK HPI, data is available from 1995 for England and Wales, 2004 for Scotland and 2005 for Northern Ireland. A longer back series has been derived by using the historic path of the Office for National Statistics HPI to construct a series back to 1968.

UK house prices since 1953 as monthly time-series. Data comes from the Nationwide.

Data can be found in the data/data.csv file. See datapackage.json for source info.

Source: http://www.nationwide....

Median price paid for residential property in England and Wales, by property type and administrative geographies. Annual data.

The simple average house price in the UK was higher for existing dwellings than for newly built ones in 2024. In that year, the average price for new housing amounted to 325,000 British pounds, while for existing housing, the price was 335,000 British pounds. Prices also varied for different property types, with flats or maisonettes in converted houses being the most affordable.

United Kingdom House Price Index (HPI): Qtr: UK data was reported at 428.058 1Q1993=100 in Jun 2018. This records an increase from the previous number of 422.500 1Q1993=100 for Mar 2018. United Kingdom House Price Index (HPI): Qtr: UK data is updated quarterly, averaging 117.662 1Q1993=100 from Dec 1973 (Median) to Jun 2018, with 179 observations. The data reached an all-time high of 428.058 1Q1993=100 in Jun 2018 and a record low of 19.485 1Q1993=100 in Dec 1973. United Kingdom House Price Index (HPI): Qtr: UK data remains active status in CEIC and is reported by Nationwide. The data is categorized under Global Database’s UK – Table UK.EB005: House Price Index: Nationwide.

Nationwide Housing Prices YoY in the United Kingdom decreased to 1.80 percent in November from 2.40 percent in October of 2025. This dataset includes a chart with historical data for the United Kingdom Nationwide Housing Prices YoY.

Median price paid for residential property in England and Wales by property type and electoral ward. Annual data.