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.

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.

CEIC calculates House Prices Growth from monthly House Price Index. Nationwide provides House Price Index with base Q1 1993=100.

The share of residential properties bought by investors in the UK has declined since 2015 when it peaked at **** percent. In 2024, investors were responsible for approximately one in ** purchases in the residential market.

The number of first-time homebuyers in the United Kingdom (UK) picked up in 2024, after falling to the lowest level observed over the last 10 years. A total of ******* people bought their first home, up from 287,060 the year before. Despite the increase, homebuyer sentiment remained subdued.

This is the first detailed report of findings relating to households from the English housing survey, and builds on results reported in the ‘English housing survey 2008 to 2009: headline report’ published in February 2010 (available on the National Archive).

The ‘English housing survey 2008: housing stock report’ was also published on 27 October 2010.

The report includes the following findings:

• the total number of households in England was 21.5 million in 2008 to 2009, up from 20.2 million in 1999; of these, 68% were owner occupiers, 18% were social renters, and 14% were private renters
• owner-occupation decreased from a peak of 70.9% of households in 2003 to 67.9% in 2008 to 2009; in contrast, the proportion of households renting privately rose from 10.8% to 14.2% over the same period
• 656,000 households (3.0%) were overcrowded, with about a third of these households living in London; overcrowding rates were higher in rented tenures than in owner-occupation: 6.7% of social renters and 5.4% of private renters compared to 1.6% of owner-occupiers
• under-occupancy was highest in the South West and East Midlands (both 40%)
• 61% of households in the private-rented sector worked full time compared with 24% of households in the social-rented sector; however, a much higher proportion of social renters than private renters were retired: 31% compared to 9%
• private renters tended to be younger than social renters: 60% of social renters were aged 45 or over compared with 29% of private renters
• the average weekly rent for households in the private-rented sector was £153, compared with £72 for social renters
• 1.9 million households had moved into their current accommodation in the 12-month period prior to 2008 to 2009, a reduction of 21% compared with the previous year
• of private-renter households, 36% had lived in their home for less than a year, compared with 4% of owner-occupiers and 8% of social renters; over half (54%) of owner-occupiers and 40% of social renters had not moved in the past 10 years; only 11% of private renters had lived in their home for over 10 years
• overall, 87% of households were very or fairly satisfied with their local area and 90% were satisfied with their accommodation, with older householders most likely to express satisfaction

United Kingdom Average House Prices: England: South West data was reported at 261,006.000 GBP in May 2020. This records a decrease from the previous number of 262,155.000 GBP for Apr 2020. United Kingdom Average House Prices: England: South West data is updated monthly, averaging 198,960.000 GBP from Jan 2005 (Median) to May 2020, with 185 observations. The data reached an all-time high of 262,155.000 GBP in Apr 2020 and a record low of 171,356.000 GBP in Apr 2009. United Kingdom Average House Prices: England: South West data remains active status in CEIC and is reported by HM Land Registry. The data is categorized under Global Database’s United Kingdom – Table UK.EB016: Average House Prices: HM Land Registry.

英国 Average House Prices: England: East of England在2020-05达290,621.000 GBP，相较于2020-04的293,608.000 GBP有所下降。英国 Average House Prices: England: East of England数据按月度更新，2005-01至2020-05期间平均值为202,149.000 GBP，共185份观测结果。该数据的历史最高值出现于2018-08，达294,035.000 GBP，而历史最低值则出现于2009-03，为168,263.000 GBP。CEIC提供的英国 Average House Prices: England: East of England数据处于定期更新的状态，数据来源于HM Land Registry，数据归类于Global Database的英国 – Table UK.EB016: Average House Prices: HM Land Registry。

United Kingdom BI: CL: 2009p: Non Mfg: OS: Real Estate, Renting & Business data was reported at 3,586.000 GBP mn in Dec 2012. This records a decrease from the previous number of 3,642.000 GBP mn for Sep 2012. United Kingdom BI: CL: 2009p: Non Mfg: OS: Real Estate, Renting & Business data is updated quarterly, averaging 3,580.000 GBP mn from Mar 1997 (Median) to Dec 2012, with 64 observations. The data reached an all-time high of 4,965.000 GBP mn in Dec 2003 and a record low of 1,774.000 GBP mn in Mar 1997. United Kingdom BI: CL: 2009p: Non Mfg: OS: Real Estate, Renting & Business data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.S014: ESA 1995: Business Investment: 2009 Price: SIC 2007.

Housing prices and number of transactions by dwelling type.

House sales not at full market value are excluded.

Ownership of this dataset remains with the Communities and Local Government (CLG). Information can only be reproduced if the source is fully acknowledged.

The Land Registry (LR) and CLG have provided these datasets drawn from the Land Register.

Information on outliers, that is transactions involving a very low or very high price, is included so that users can take their impact into account when using the data.

Available for Middle Layer Super Output Area (MSOA).

NOTE: This data has not been updated since 2009.

See more on the ONS NESS website.

Average house price (with regular updates) Source: Land Registry Publisher: Communities and Local Government (CLG) Geographies: Local Authority District (LAD), Government Office Region (GOR), National Geographic coverage: England Time coverage: 1996 to 2009 Type of data: Administrative data

The Northern Ireland Housing Executive (NIHE) has statutory responsibility in relation to regularly examining housing conditions and need and this provides the basis for the Housing Executive to undertake House Condition Surveys. The Northern Ireland House Condition Survey (NIHCS) provides a wealth of information, which is readily available to, and is regularly requested by government departments, government agencies, the voluntary sector, charities, universities and many private sector interests.

The surveys have been carried out since 1974, but the UK Data Archive only holds data from the tenth survey (2009) onwards. All tenures and types of housing are included in the NIHCS, for example, owner occupied and rented housing, vacant dwellings, houses in multiple occupation, apartments, urban and rural properties. For further background information, see study documentation.

Further information about the survey can be found on the NIHE House Condition Survey webpage.

The NIHCS 2009 was the first to use an electronic approach to data collection and validation. The main benefits of this included: saving time on paper forms and their administration; saving time on manual data punching (and double punching); allowing surveyors to complete more complex self-validation of their forms at the time of the survey; improving data quality by reducing punching errors, missing data and data inconsistencies and allowing a faster turn around of the survey results.

The bespoke software used was developed by the Building Research Establishment (BRE) and permitted the recording of dwelling information through radio buttons, direct keying, selecting items from drop down menus and enabled surveyors to draw sketches. All these methods used a stylus pen on a touch screen. Validation and consistency checks were built into the programme and once a survey was completed it was uploaded to a database via a secure website. For further details, see the NIHCS 2009 report.

Sampling frame: Proposed New Council Areas
Users should note that the NIHCS 2009 sample was drawn using the proposed new Northern Ireland Council Areas structure as the base and findings are also reported on the new areas. Under the new proposed structure, the number of District Councils are reduced from the previous 26 areas to 11, among other changes. Therefore, the proposed areas used for sampling are described in the documentation and survey report as 'Proposed New Council Areas'.

Ratio of median quartile workplace earnings to median quartile house prices. The statistics used are workplace based full-time individual earnings. Source: Land Registry/Annual Survey of Hours and Earnings Publisher: Communities and Local Government (CLG) Geographies: Local Authority District (LAD), County/Unitary Authority, Government Office Region (GOR), National Geographic coverage: England Time coverage: 1997 to 2009 Type of data: Survey

Provisional estimates of the percentage of non-decent local authority homes ahead of final estimates in the full Business Plan Statistical Appendix (BPSA) 2009-10 statistical release. Source agency: Communities and Local Government Designation: Official Statistics not designated as National Statistics Language: English Alternative title: Local Authority Non-Decent Homes Provisional Estimates

The dataset comprises of plant species recorded from plots located within the Moor House National Nature Reserve, with associated plot information such as slope and aspect, also peat depth. The sampling strategy was based on a grid, using 2 x 2 metre square plots. The majority of the plots were recorded in the summers of 2008 and 2009 by surveyors employed by the Centre for Ecology & Hydrology. Full details about this dataset can be found at https://doi.org/10.5285/7a7d08e3-48e2-4aad-855b-9d6767b9ae9b

Data on percentages of jobs paid less than the living wage foundation living wage, broken down by sex and working pattern, in London and the UK excluding London, 2009 to 2019.

European Union House Price Index: Newly Built Dwellings: EU 27 excl UK data was reported at 165.220 2015=100 in Dec 2024. This records an increase from the previous number of 163.360 2015=100 for Sep 2024. European Union House Price Index: Newly Built Dwellings: EU 27 excl UK data is updated quarterly, averaging 106.790 2015=100 from Dec 2009 (Median) to Dec 2024, with 61 observations. The data reached an all-time high of 165.220 2015=100 in Dec 2024 and a record low of 96.750 2015=100 in Mar 2014. European Union House Price Index: Newly Built Dwellings: EU 27 excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.EB001: Eurostat: House Price Index: 2015=100.

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.