In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in March 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.

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.

The statistic displays a **** year forecast for house price growth in the United Kingdom (UK) from 2020 to 2024, revised with the coronavirus (covid-19) impact on the market. According to the forecast, 2020 and 2021 will likely see a slower to no increase in house prices followed by a gradual recovery between 2022 and 2024. North West, North East, Yorkshire & the Humber, and Scotland prices are forecast to bounce back quicker than other UK regions with higher **** year price increase.

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.

The average house price in England started to increase in August 2024, after falling by over three percent year-on-year in December 2023. In May 2025, the house price index amounted to 101.7 index points, suggesting an increase in house prices of 3.4 percent since the same month in 2024 and roughly 2 percent rise since January 2023 - the baseline year for the index. Among the different regions in the UK, West and East Midlands experienced the strongest growth.

The UK housing market continued to show significant regional variations in 2025, with London maintaining its position as the most expensive city for homebuyers. The average house price in the capital stood at ******* British pounds in February, nearly double the national average. However, the market dynamics are shifting, with London experiencing only a modest *** percent annual increase, while other cities like Belfast and Liverpool saw more substantial growth of over **** percent respectively. Affordability challenges and market slowdown Despite the continued price growth in many cities, the UK housing market is facing headwinds. The affordability of mortgage repayments has become the biggest barrier to property purchases, with the majority of the respondents in a recent survey citing it as their main challenge. Moreover, a rising share of Brits have reported affordability as a challenge since 2021, reflecting the impact of rising house prices and higher mortgage rates. The market slowdown is evident in the declining housing transaction volumes, which have plummeted since 2021. European context The stark price differences are mirrored in the broader European context. While London boasts some of the highest property prices among European cities, a comparison of the average transaction price for new homes in different European countries shows a different picture. In 2023, the highest prices were found in Austria, Germany, and France.

After a very slow second quarter of 2020 due to the coronavirus (COVID-19) pandemic, the housing market in the United Kingdom (UK) experienced dramatic surge in home sales. In the first quarter of 2021, the residential property supply varied between *** and *** months of available stock for sale in different regions of the UK, and *** months in Inner London. Considering the limited supply and the spike in demand, house prices have been on an upward trend.

Housing Index in the United Kingdom increased to 514.30 points in July from 512.40 points in June of 2025. This dataset provides - United Kingdom House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

Average second-hand sale prices for prime properties in selected high-performing towns and cities vary greatly across the United Kingdom (UK). The city of Edinburgh had the lowest average second-hand price of ******* British pounds while Beaconsfield and Virginia Water reported the highest prices above ********* British pounds.

It can be seen that prime properties in Scotland had second-hand sale prices below ******* British pounds while in the other regions of the UK, the average prices ranged between ******* and ******* British pounds with the exception of Beaconsfield and Virginia Water.

Quarterly and annual growth tracking of changes in prime residential property prices in the United Kingdom (UK) up to March 2021 shows increases of up to *** percent in prices. When the observation period was expanded to five years, an increase of **** percent in prices of city prime properties was reported. The property type with the highest annual price growth was prime real estate in rural areas, followed by city properties. Nevertheless, compared with 2007 peak prices, rural properties still underperformed.

According to the forecast, prime property prices will continue to grow in the period between 2021 and 2025.

This dataset contains the data used in the study titled “Is hiding my first name enough? Using behavioural interventions to mitigate racial and gender discrimination in the rental housing market”. The data was collected from the London rental housing market between 2021 and 2022. Racial and gender biases are pervasive in housing markets. Males and ethnic minorities face discrimination in rental housing markets globally. The issue has been so pronounced that it regularly makes national and international headlines. In response to a racial discrimination lawsuit, Airbnb had to hide guests’ first names from rental hosts in Oregon, USA, starting in January 2022. Yet, there is little evidence that such measurement effectively counteracts racial and gender discrimination in housing markets. Despite some well-established theoretical models developed more than half a century ago and a wealth of empirical evidence accumulated over the last two decades, studies examining effective solutions to combat discrimination remain sparse especially in housing markets. Given the complexity of the products and services involved and the relatively low frequency of transactions, nuanced studies are needed to understand how implicit racial and gender biases influence letting decisions. This study investigates housing discrimination at the intersection where longstanding market behaviours meet the evolving insights of behavioural research. Although behavioural interventions have the potential to address both statistical and taste-based discrimination in the housing market, their successful implementation remains a challenge. Given the persistent biases and socio-economic dynamics in the housing market, interventions must be carefully tailored to the context. By collecting evidence from field experiments, this research aims to gain insights into how real-world behavioural interventions can be effectively designed and implemented. Our focus remains twofold: to develop a robust theoretical framework and to translate its insights into tangible, impactful policy recommendations, with the ultimate goal of fostering a more inclusive housing market.Although China has almost eliminated urban poverty, the total number of Chinese citizens in poverty remains at 82 million, most of which are rural residents. The development of rural finance is essential to preventing the country from undergoing further polarization because of the significant potential of such development to facilitate resource interflows between rural and urban markets and to support sustainable development in the agricultural sector. However, rural finance is the weakest point in China's financial systems. Rural households are more constrained than their urban counterparts in terms of financial product availability, consumer protection, and asset accumulation. The development of the rural financial system faces resistance from both the demand and the supply sides. The proposed project addresses this challenge by investigating the applications of a proven behavioural approach, namely, Libertarian Paternalism, in the development of rural financial systems in China. This approach promotes choice architectures to nudge people into optimal decisions without interfering with the freedom of choice. It has been rigorously tested and warmly received in the UK public policy domain. This approach also fits the political and cultural background in China, in which the central government needs to maintain a firm control over financial systems as the general public increasingly demands more freedom. Existing behavioural studies have been heavily reliant on laboratory experiments. Although the use of field studies has been increasing, empirical evidence from the developing world is limited. Meanwhile, the applications of behavioural insights in rural economic development in China remains an uncharted territory. Rural finance studies on the household level are limited; evidence on the role of psychological and social factors in rural households' financial decisions is scarce. The proposed project will bridge this gap in the literature. We carried out the experiment at the UK's largest online real estate portal and property website, www.rightmove.co.uk. In 2021, Rightmove had 208 million visits per month and a total of 692,000 properties listed at their website. Therefore, the platform gives us access to the largest available database of rental property listings in the country. We searched rental properties in Greater London Area that are advertised between December 2021 and April 2022. Only houses, flats and apartments are included. All listings are handled by letting agents. No private landlords are involved. Once a property was identified as eligible for the experiment, we sent a total of five applications to the letting agent, asking for a viewing appointment. The five applicants will be from different ethnic groups (i.e., one from each of the five groups) but of the same gender. The five emails were sent with at least 12 hours in between so that no suspicious of spamming might be raised. A total of 360 properties were selected, which gives a sample size of 1,800. The sample is evenly divided between the two gender groups and the five ethnic groups. Specifically, there are 360 observations in each ethnic group and 900 observations in each gender group.

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

Housing or Camping Trailers Market Size Value in the UK, 2021 Discover more data with ReportLinker!

Prime London flats in Outer and Central London, have reduced in prices in the period between March 2020 and 2021 and so have the Central London prime houses. Outer London prime houses, regional and coastal prime properties, on the other hand, saw prices grow in the same period. The highest increase in prices was recorded among prime country houses over *** million British pounds. According to the forecast, prime property prices both in Central and in Outer London are expected to increase in the next **** year.

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

Abstract copyright UK Data Service and data collection copyright owner.The COntinuous REcording of Lettings and Sales (CORE) is a national information source that provides annual official statistics on new lettings and sales of social housing stock. All datasets are based on administrative data collected via the government's CORE system. The CORE lettings data include information on the characteristics of both private registered providers and local authority new social housing tenants and the homes they rent. For each year, data is structured into four datasets based on type of letting (social rent general needs and supported needs, and affordable rent general needs and supported needs). It is a regulatory requirement for providers registered with the Homes and Communities Agency to supply the data. For those who are not registered, submissions are voluntary. Local authorities have participated in CORE since 2004-5 on a voluntary basis. Weighting is applied to adjust for non-response by local authorities for social rent datasets, and imputation is also carried out to address item-level non-response of key data on tenant characteristics for both local authorities and privately registered providers. The three datasets for affordable rent are not weighted or imputed. The CORE sales data include information on sales of local authority dwellings and some summary details on sales of registered provider stock (previously known as Registered Social Landlords or housing associations). Collecting these data allows for a better understanding of the socio-economic and demographic make-up of affordable housing customers and local housing markets and products. The sales dataset is imputed, with more information on the imputations within the data dictionary. The CORE data are used by central government to inform national housing policy and by local government to inform their Strategic Housing Market Assessments. The data are also used by academics, researchers, charities and the wider public to understand social housing issues. Further information may be found on the GOV.UK Social housing lettings and Social housing sales webpages. Users should note that the Lettings and Sales data are now held in separate datasets at each access level (see below). Previously, they were held in combined studies, SNs 7603, 7604 and 7686, which have now been withdrawn. End User Licence, Special Licence and Secure Access datasets The CORE datasets are available at three access levels, depending on the level of detail in the data. For the standard End User Licence (EUL) version (SNs 9237 and 9238), the geographic level of the data is set at Government Office Region (GOR). Letting and voiding dates are provided at month and year only; age variables are top-coded at 90 years; income, benefits, earnings, charge and shortfall variables are banded to disguise unique values; landlords are grouped into coded categories. For the Special Licence access (SL) version (SNs 9239 and 9240), geographic level is set at Local Authority. The SL data have more restrictive access conditions than those made available under the standard EUL. Prospective users of the SL version will need to complete an extra application form and demonstrate to the data owners exactly why they need access to the additional variables in order to get permission to use that version. For Secure Access (SNs 9241 and 9242), the full CORE datasets are available, with some key variables recoded. Prospective users of the Secure Access version will need to fulfil additional requirements, including completion of face-to-face training and agreement to further stringent access conditions. SN 9240: Continuous Recording of Social Housing Sales (CORE):This study contains the SL-level CORE Sales data only. The SL CORE Lettings data are held under SN 9239. Main Topics:The following topics are covered:Lettings data: tenant income; tenant benefits; household demographics (including economic status, nationality, etc.); number of affordable or social lettings; reason for requiring social housing; void periods/ number of times offered; rent and other charges; Reasonable Preference Group (including homelessness status); size and type of property.Sales data: number of private registered providers of social housing (PRP) sales; type of sale; household demographics; size of property; type of property; tenant income; financial characteristics of sale (mortgage, % discount, equity, etc.); reason for leaving last home; location of new housing; whether served in the Armed Forces.

Housing or Camping Trailers Market Size Value Per Capita in the UK, 2021 Discover more data with ReportLinker!

The average house price decreased year-on-year in 12 of London's boroughs as of May 2025 amid a slowdown in the UK housing market. Barking and Dagenham was the most affordable borough to buy a house, with an average price of ******* British pounds. Kensington and Chelsea stood at the other end of the spectrum, with an average price of ****million British pounds. Demand for housing and house prices With vastly more job and cultural opportunities, megacities continue attracting people from all over the world. Since the beginning of the 1980s, the population of London has increased by more than 2 million inhabitants and in the next 20 years, it is forecast to increase by almost *** million. That makes London properties a valuable asset. Historically, property prices in London have risen steadily, albeit with minor fluctuations. Residential properties transactions Since 2006, the number of residential property sales has varied between *** million and *** million transactions annually. The housing boom in 2021 led to an increase in home purchases, but the economic uncertainty, stubborn inflation, and dramatically higher interest rates have led to transactions falling.