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.
This report brings together evidence on the impact of the ‘housing crisis’ on different households and demographics across England, including exploring the impact on affordability, accessing property ownership or the social rented sector and those who cannot afford to buy or rent elsewhere and savings.
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Housing Index in the United Kingdom decreased to 514.20 points in September from 515.60 points in August of 2025. This dataset provides - United Kingdom House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Research in modelling housing market dynamics using agent-based models (ABMs) has grown due to the rise of accessible individual-level data. This research involves forecasting house prices, analysing urban regeneration, and the impact of economic shocks. There is a trend towards using machine learning (ML) algorithms to enhance ABM decision-making frameworks. This study investigates exogenous shocks to the UK housing market and integrates reinforcement learning (RL) to adapt housing market dynamics in an ABM. Results show agents can learn real-time trends and make decisions to manage shocks, achieving goals like adjusting the median house price without pre-determined rules. This model is transferable to other housing markets with similar complexities. The RL agent adjusts mortgage interest rates based on market conditions. Importantly, our model shows how a central bank agent learned conservative behaviours in sensitive scenarios, aligning with a 2009 study, demonstrating emergent behavioural patterns.
England accounts for the majority of sales in the residential real estate market in the United Kingdom. In May 2025, the total number of housing transactions in the country amounted to 80,530, with 66,620 of these property sales being completed in England. Historically, sales activity has observed notable fluctuations because of the seasonal nature of the market, but also other trends in the market, such as the slump in April 2020 related to the COVID-19 pandemic. A declining number of home sales The annual number of home sales in the UK has declined since 2021, with 2023 exhibiting the lowest transaction volume since 2012. The main reason for that trend is the increase in the cost of housing. House prices grew year-on-year between 2012 and 2022, with growth accelerating toward the end of the period due to the record-low mortgage rates. As the cost of living crisis hit in 2022, the Bank of England hiked interest rates, resulting in dramatically higher home finance costs. With house prices at their peak and a double increase in borrowing costs, many prospective homebuyers could not afford to buy and placed their plans on hold. How will prices develop in the next five years? After a slight decline in 2024, house prices in the UK are expected to pick up in the next year and continue on an upward trend until 2029. On average, house prices are projected to grow by 3.7 percent per year.
Building affordable and council homes is a priority for the Mayor in tackling London's housing crisis and a key component of the London Housing Strategy. The GLA Housing team monitor a range of housing statistics produced by the Department for Levelling Up, Housing and Communities (DLUHC), and this spreadsheet contains a section from the Affordable Housing Open Data. This data has been used to measure the number of affordable and council homes built in London since 2016/17 and includes all affordable homes built, including those which did not receive funding from the GLA. This dataset does not incorporate DLUHC data for 2021/22 or GLA data for 2022/23.
North West England and the West Midlands had the largest mismatch between the supply and demand of housing in 2023. If the number of dwellings added to the housing stock continues being lower than the number of new households formed there would be a housing shortage. However, London showed some signs of having a housing shortage, as it had the largest difference between the homes built and the households formed between 2016 and 2023.
In the four weeks leading up to June 16, 2025, the housing market in the UK saw the stock of homes for sale increase by ** percent compared to the same period in 2024. New inventory, demand, and the number of agreed sales also increased, albeit at a lower rate.
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The Greater London Authority's ‘Housing in London’ report sets out the evidence base for the Mayor's housing policies, summarising key patterns and trends across a wide range of topics relevant to housing in the capital. The report is the evidence base for the Mayor’s London Housing Strategy, the latest edition of which was published in May 2018. The 2024 edition of Housing in London can be viewed here. It includes monitoring indicators for the London Housing Strategy, and five thematic chapters: * 1. Demographic, economic and social context * 2. Housing stock and supply * 3. Housing costs and affordability * 4. Housing needs, including homelessness and overcrowding * 5. Mobility and decent homes Where possible, the data behind each year's report's charts and maps is made available below. To provide feedback or request the document in an accessible format, please email housing.analysis@london.gov.uk
The London Housing Strategy sets out the Mayor's plans to tackle the capital's housing crisis and his vision to provide all Londoners with a good quality home they can afford. The draft strategy was published for a 12-week consultation between 6 September and 7 December 2017. Responses were received from over 2,000 members of the public via surveys, online discussion threads, and written correspondence. Over 200 organisations also submitted written responses to the draft strategy. The consultation response report, available at www.london.gov.uk/housing-strategy, provides an accurate summary of responses to the consultation. Quantitative information used to develop this report are set out below.
The housing market in England picked up in 2024 after cooling for two consecutive years. In 2023, the number of housing transactions fell to *******, which was the lowest figure since 2012, when the market was still recovering from the global financial crisis. In 2024, housing transactions rose to *******. Some of the main factors that have led to the decline in home buying are the cost of living crisis, higher mortgage rates, low inventory, and the rapid increase in house prices across the UK.
The London Housing Strategy sets out the Mayor's plans to tackle the capital's housing crisis and his vision to provide all Londoners with a good quality home they can afford.
The draft strategy was published for a 12-week consultation between 6 September and 7 December 2017. Responses were received from over 2,000 members of the public via surveys, online discussion threads, and written correspondence. Over 200 organisations also submitted written responses to the draft strategy.
The consultation response report, available at www.london.gov.uk/housing-strategy, provides an accurate summary of responses to the consultation. Quantitative information used to develop this report are set out below.
Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.
Households in Great Britain will have their energy bills capped at ***** British pounds per year from October 2022 onwards, due to the measures introduced by the UK government in September of 2022. This will result in savings of around ***** for the average household, compared with the previous price cap, which was set to increase to ***** per year.
The purpose of this report is to gather together in one volume data on important trends related to domestic energy use, and in particular on the measures that have been taken to improve energy efficiency. Most of the tables relate to total housing stock and will be mainly of use to Government Departments and others interested in research or planning at that level. The reports cover the period from 1970 (just before the first oil crisis) until the present.
The series consists of a main fact file with figures for the GB housing stock. This has a full explanation of the background behind the topics covered and includes information that is only available at the GB level. The other two fact files break the data down by tenure (owner occupied, council rented, private rented and registered social landlord) and country (England, Scotland, Wales and Northern Ireland).
Published by Building Research Establishment Ltd
This research draws on interview-based research that took place between May and June 2021 to capture the experience of staff and volunteers at a London food co-op that set up a shopping service for vulnerable people at the beginning of the COVID-19 pandemic. As well as reflecting on the food co-op, what it is and their relationship to it, participants discuss the foundation of the shopping (shop and drop) service and their relationship to it. They also explore broader topics such as the wider impacts of COVID-19 on their own lives and life in the UK, their opinion on the governmental response to COVID-19, and their understanding of concepts such as mutual aid, cooperation and community, which became so prevalent during the pandemic.The financial crisis of 2008 and resultant period of austerity have had a significant impact on the nature of politics, the economy and the lives of everyday citizens in Britain. These political-economic shifts have informed and adjusted the ideals, practices and structures of community organising, raising questions about the nature of citizenship, grassroots political action and the structures of society in Britain today. The COVID-19 pandemic is further highlighting issues of inequality, while catalysing more community organising and network building. In the wake of Brexit, tensions around issues such as welfare, immigration and identity have also become increasingly polarising. This research takes an ethnographic approach to experiences of social and political-economic change, community-building and collective organising to offer a nuanced representation of life in contemporary Britain and the impacts of increasingly neoliberal policies on food and housing. Despite the fact that Britain is one of the richest countries in the world, more than 8 million people are suffering from food insecurity today (Lambie-Mumford 2017). Where food has historically been one of the biggest income expenditures, it now averages just 10-16% for the lowest income households in the UK (DEFRA 2017). The fact that many people in Britain are unable to afford to eat despite this reduction, highlights one of the stark realities of life in Britain. The country is also undergoing a severe housing crisis, which is felt most acutely in cities such as London (Minton 2017). While housing used to be more affordable than food, by the 1990s this had become the main cost for the average household (Hickman 2008; Cribb et al. 2012). This raises questions about how the social and financial value of food and housing and the levels of urgency attached to each impact on how people mobilise and organise around them today, whether as activists or humanitarians; and what structures, practices and ideologies they draw on. As part of my doctoral work I conducted two years of ethnographic research with grassroots, retail food co-ops in London. This focused on practices of politics, aid and care in the face of austerity and the growing humanitarian crisis around food. The Politics of Food and Housing in Changing Times aims to consolidate and disseminate my PhD findings, and draw out the issues around housing which were already present in the thesis. In order to further my understanding of housing issues and the forms of collective organising used in relation to them, I will build on my established networks and contacts in London to do two months of fieldwork with housing activists. I will develop a research funding proposal from this work which makes a theoretical contribution to the social sciences on food, housing, political economy, and creates impact for the groups involved. In addition to the production of this new research and proposal, key outputs for the fellowship will include: A monograph based on the PhD thesis that engages with public and social scientific debates on austerity, food and activism, therefore appealing to both academics and practitioners. Three research participant workshops for people and organisations that contributed to my doctoral work. A practitioner workshop on food access and sustainability. I will also present at two international conferences. The fellowship activities are designed to build on each other, benefitting my career progression, while also creating pathways to impact. Drawing on my existing networks in London, the South West and mainland Europe, they will engage academics and practitioners across a range of disciplinary and professional backgrounds to share experiences and findings and develop tools in relation to the politics of food and housing, sustainability, poverty alleviation, community-building and social cohesion; and to build on local and international networks in order to share resources and findings. Semi-structured online and telephone interviews with 6 participants of a London food co-op and covid shopping service (one coordinator and five volunteers). The researcher had previously conducted participants observation with the food co-op, and draws on knowledge from this as well as the changes in the project due to the pandemic to ask questions.
This statistic shows the annual value of property purchase transactions carried in the United Kingdom (UK) from 2005 to 2014. There was a sharp reduction in transaction values at the beginning of housing market and credit crisis in 2008, when the value of property purchase transactions fell from 479.7 billion in 2007 to 283.4 billion British pounds following year. By 2014, the transactions value recovered and reached 417.7 billion British pounds.
In 2024, France had the largest housing stock among selected European countries with a total of **** million housing units. Other countries heading the ranking were the United Kingdom (UK) or Poland. This was not surprising, considering that the top countries have some of the largest population in Europe. In terms of the number of housing units per 1,000 citizens, however, the top three countries were Bulgaria, France and Belgium. Which European countries build the most housing? Supply of new housing varies greatly in different countries. In 2024, Turkey and Ireland delivered the highest number of housing completions, but when it comes to construction starts, Ireland topped the ranking, leaving Turkey and Israel in second and third place, respectively. How did house prices change in 2024? Demand for housing remained strong in 2024, causing house prices to grow in almost all European countries. The United Kingdom was one of the few countries where home prices declined - a result of the soaring interest rates and cost of living crisis. Poland was at the other side of the spectrum, with house prices surging by more than ** percent.
The volume of residential property sales in London dropped substantially after 2007 as a result of the global financial crisis. Though housing transactions gradually increased until 2014, sales volumes remained shy from the period before the financial crisis. The housing boom in 2021 led to transactions jumping to nearly *********This substantial increase was followed by two years of market contraction, followed by a slight uptick in 2024. Across the city, several boroughs stood out as concentrating a larger number of transactions. These boroughs included Wandsworth, Bromley, and Croydon.
In the first quarter of 2023, there were over ***** construction starts by housing associations in England. Public housing starts in England returned to its pre-pandemic values in 2021 after the initial shock effects of COVID-19 on construction in the UK region. By the second quarter of 2020, housing starts initiated by housing associations had fallen to nearly *****. Outside of the periods after the 2008 crisis and early 2020, the number of housing starts in the UK region remained relatively consistent.
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.