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 decreased to 511.60 points in June from 511.80 points in May of 2025. This dataset provides - United Kingdom House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average house price in the UK increased by 3.9 percent year-on-year in May 2025, according to the monthly house price index. The 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 index reached 103 index points, meaning that house prices have grown by over three percent since January 2023.The house price index is an important measure for the residential real estate market. It is used to show changes in the value of residential properties in England, Scotland, Wales, and Northern Ireland. This upward trend in house price index, and therefore the value of residential properties, has also been observed by other measurers of house price index in the United Kingdom.

The house price index (HPI) shows changes in the value of residential properties in England, Scotland, Wales, and Northern Ireland. With the HPI set at a base of 100 in January 2023, a value of over 100 would mark an increase in the average dwelling price. A value of under 100 points, on the other hand, would indicate that the average price has dropped. In April 2025, the index measured 101.7 index points, showing an increase of 1.7 percent since January 2023. UK house prices grew rapidly during the COVID-19 pandemic House prices in the UK grew steadily between 2015 and 2020, fueled by stable economic growth and low borrowing costs. In the following two years, a combination of factors exacerbated this trend. These factors included a stamp duty holiday, low interest rates, a shortage of new homes supplied, and a high housing demand. As a result, house price growth soared, hitting a record 13.6 percent in July 2022. This trend in the index, and therefore the value of UK residential properties, has also been observed by the Halifax house price index. What is the average house price in the UK? Average house prices are affected by several factors. Economic growth, unemployment, interest rates and mortgage availability can all drive them up or down. A shortage of supply means that the need for housing and the competitive market created will push house prices up. An excess of housing, on the other hand, means prices fall to stimulate buyers.

High level summary of the annual mix-adjusted weights used in the production of the UK House Price Index for the period 2005 to 2024.

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 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.

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.

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

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 Price Index YoY in the United Kingdom decreased to 2.50 percent in June from 2.60 percent in May of 2025. This dataset includes a chart with historical data for the United Kingdom House Price Index YoY.

House Price Index MoM in the United Kingdom increased to 0 percent in June from -0.30 percent in May of 2025. This dataset includes a chart with historical data for the United Kingdom House Price Index MoM.

🇬🇧 영국 English The UK House Price Index (UK HPI) captures changes in the value of residential properties. The UK HPI uses sales data collected on residential housing transactions, whether for cash or with a mortgage. For more information, please read the Land Registry's documentation: https://www.gov.uk/government/publications/about-the-uk-house-price-index/about-the-uk-house-price-index From February 2025, the UK House Price Index has been re-referenced from January 2015 to January 2023. Historical data from 1995 onwards has also been revised to align with this update. These changes reflect market shifts, including an increase in sales of smaller properties and fewer sales in higher-value areas like London. For more details, see the UK HPI publication for more information - https://www.gov.uk/government/collections/uk-house-price-index-reports

Graph and download economic data for Real Residential Property Prices for United Kingdom (QGBR628BIS) from Q2 1968 to Q1 2025 about United Kingdom, residential, HPI, housing, real, price index, indexes, and price.

Trends in the UK housing market is an article bringing together various published sources of UK housing market statistics.

Source agency: Office for National Statistics

Designation: Official Statistics not designated as National Statistics

Language: English

Alternative title: HPI guidance and methodology

United Kingdom HPI: Qtr: sa: UK data was reported at 429.169 1Q1993=100 in Sep 2018. This records an increase from the previous number of 425.994 1Q1993=100 for Jun 2018. United Kingdom HPI: Qtr: sa: UK data is updated quarterly, averaging 118.510 1Q1993=100 from Dec 1973 (Median) to Sep 2018, with 180 observations. The data reached an all-time high of 429.169 1Q1993=100 in Sep 2018 and a record low of 19.498 1Q1993=100 in Dec 1973. United Kingdom HPI: Qtr: sa: UK data remains active status in CEIC and is reported by Nationwide. The data is categorized under Global Database’s United Kingdom – Table UK.EB005: House Price Index: Nationwide.

United Kingdom HPI: Qtr: First Time Buyer: North West data was reported at 317.913 1Q1993=100 in Sep 2018. This records a decrease from the previous number of 317.956 1Q1993=100 for Jun 2018. United Kingdom HPI: Qtr: First Time Buyer: North West data is updated quarterly, averaging 125.718 1Q1993=100 from Mar 1983 (Median) to Sep 2018, with 143 observations. The data reached an all-time high of 317.956 1Q1993=100 in Jun 2018 and a record low of 43.774 1Q1993=100 in Mar 1983. United Kingdom HPI: Qtr: First Time Buyer: North West data remains active status in CEIC and is reported by Nationwide. The data is categorized under Global Database’s United Kingdom – Table UK.EB005: House Price Index: Nationwide.