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.

Inflation-adjusted house prices in the United Kingdom (UK), continued to decline in the second quarter of 2023 - a trend that started in the fourth quarter of 2022. The nominal house price grew by 1.77 percent in the second quarter of 2023, but when adjusted for inflation, there was a decline of 6.15 percent.

The United Kingdom: Clothing and footwear prices, world average = 100: The latest value from 2021 is 115.38 index points, a decline from 116.42 index points in 2017. In comparison, the world average is 91.84 index points, based on data from 165 countries. Historically, the average for the United Kingdom from 2017 to 2021 is 115.9 index points. The minimum value, 115.38 index points, was reached in 2021 while the maximum of 116.42 index points was recorded in 2017.

Average house prices are affected by several factors: Economic growth, unemployment, interest rates and mortgage availability can all affect average prices. A shortage of supply means that the need for housing and, therefore, competitive market created will push up house prices, whereas an excess of housing means prices fall to stimulate buyers. Location, location, location In December 2023, the average house price in England was more expensive than in any other country. This huge disparity in average house prices is in no small part down to the country's capital city, where the average asking price was more than double that of the UK’s average. Even in London, for those who can afford a mortgage, the savings made through buying over renting can be beneficial. House prices still set to grow In 2024, the number of housing transactions in the UK is set to fall to 1.1 million. With the expected decline in transactions, the average house price is also set to stagnate across the UK.

The United Kingdom: Meat price index, world average = 100: The latest value from 2021 is 109.07 index points, a decline from 116.88 index points in 2017. In comparison, the world average is 96.25 index points, based on data from 165 countries. Historically, the average for the United Kingdom from 2017 to 2021 is 112.98 index points. The minimum value, 109.07 index points, was reached in 2021 while the maximum of 116.88 index points was recorded in 2017.

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.

In March 2023, the price of Tea was $2,884 per ton (CIF, United Kingdom), with a 10% decrease compared to the previous month.

In March 2025, the average wheat export price amounted to $264 per ton, standing approximately at the previous month.

UK Gas rose to 85.76 GBp/thm on July 30, 2025, up 0.40% from the previous day. Over the past month, UK Gas's price has risen 7.99%, but it is still 1.41% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on July of 2025.

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.

In March 2023, the mate price was $3,788 per ton (CIF, United Kingdom), showing a decrease of -8.9% compared to the previous month.

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.

In May 2023, the price of Crude Palm Oil reached $1,074 per ton (CIF, United Kingdom), showing a decrease of -3.3% compared to the previous month.

In April 2023, the price of Laptop and Tablet Computers amounted to $490 per unit (CIF, United Kingdom), representing a decrease of -8.1% compared to the previous month.

In January 2023, the price of rare gases stood at $23.1 per cubic meter (CIF, United Kingdom). This marked a -5% decline compared to the previous month.

As of the first quarter of 2025, the CPIH index in the United Kingdom was 135.6 indicating that consumer goods and services had increased in price by 35.6 percent when compared with the baseline year of 2015. In March 2025, the CPIH inflation rate was 3.4 percent, unchanged from the previous month. The CPIH index is the consumer price index, which also includes costs related to owning and maintaining a home. Inflation falls to more usual levels in 2024 After reaching a peak of 9.6 percent in October 2022, the CPIH inflation rate fell throughout 2023 and into 2024, eventually falling to a low of 2.6 percent in October 2024. Although the decline in energy inflation led to a significant fall in prices early in the 2023, other aspects of inflation, such as food prices remained high for a longer period. Throughout 2023 inflation in the UK was still quite high across many sectors, indicated by persistently high core inflation (inflation excluding food and energy prices) rates reported that year. UK economy continues to struggle Since the COVID-19 pandemic, the UK's economic performance has been quite lackluster. Although the economy bounced back from the initial drop in GDP caused by lockdowns, it has alternated between months of low growth and declines in GDP since 2021. In the last two quarters of 2023, the UK economy shrank by 0.1 percent, and then by 0.3 percent. As a result, the UK economy officially ended 2023 in a technical recession. While growth picked up in the first half of 2024, there was no growth in the third quarter of the year.

In July 2022, the banana price stood at $697 per ton (CIF, United Kingdom), declining by -2.5% against the previous month.

In March 2023, the price of Stationery was $3,803 per ton (CIF, United Kingdom), remaining stable compared to the previous month.