Accredited official statistics

UK House Price Index summary: March 2025

Published 21 May 2025

1. Headline statistics for March 2025

The average price of a property in the UK was £271,000

The annual price change for a property in the UK was 6.4%

The monthly price change for a property in the UK was 1.1%

The monthly index figure (January 2023 = 100) for the UK was 104.0

Estimates for the most recent months are provisional and are likely to be updated as more data is incorporated into the index. Read Revisions to the UK HPI data.

Next publication of UK HPI

The April 2025 UK HPI will be published at 9.30am on Wednesday 18 June 2025. See the calendar of release dates for more information.

In September 2024’s release, UK House Price Index (UK HPI) estimates were revised from January 2022 onwards by making use of price data processed outside the UK HPI’s normal 12-month revision period. In October 2024’s release, UK HPI returned to the usual 12-month revision period. Users should be aware that revisions may be larger than usual and should note the significantly greater uncertainty around new build prices.

Previously, UK HPI had a reference period of January 2015. In February 2025’s release, UK HPI’s reference period was updated to January 2023, so UK HPI indices now report January 2023 equals 100. Re-referencing ensures the UK HPI reflects the price of the “average” property currently being sold and shifts the entire price level series for each geography and breakdown by a constant percentage without affecting inflation rates. Read more in ONS’ Keeping average house prices up to date blog.

2. Economic statement

Average UK house price annual inflation was 6.4% (provisional estimate) in the 12 months to March 2025, up from the revised estimate of 5.5% in the 12 months to February 2025.

The average UK house price was £271,000 in March 2025 (provisional estimate), which is £16,000 higher than 12 months ago. Average house prices in the 12 months to March 2025 increased in England to £296,000 (6.7%), increased in Wales to £208,000 (3.6%) and increased in Scotland to £186,000 (4.6%). The average house price increased in the year to Q1 (Jan to Mar) 2025 to £185,000 in Northern Ireland (9.5%).

On a non-seasonally adjusted basis, average UK house prices increased by 1.1% between February 2025 and March 2025, compared with an increase of 0.2% in the same period 12 months ago. On a seasonally adjusted basis, average house prices in the UK increased by 1.4% between February 2025 and March 2025.

Of English regions, annual house price inflation was highest in the North East, where prices increased by 14.3% in the 12 months to March 2025. London was the English region with the lowest annual inflation, where prices increased by 0.8% in the 12 months to March 2025.

The Royal Institution of Chartered Surveyors’ (RICS’) March 2025 UK Residential Market Survey reported that buyer enquiries and agreed sales indicators moved deeper into negative territory. RICS also reported that house prices were largely flattening out over the past few months across most parts of the UK, although Scotland and Northern Ireland continued to show a more resilient upward trend.

HMRC’s UK Property Transactions Statistics showed that in March 2025, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 177,000. This is 104.3% higher than 12 months ago (March 2024). Between February 2025 and March 2025, UK transactions increased by 61.7% on a seasonally adjusted basis. On a non-seasonal basis, HMRC reported that transactions volumes increased by 89% and 47% in England and Northern Ireland, respectively, while volumes increased by only 15% and 19% in Scotland and Wales, respectively. The sharp increase in UK transactions volumes in March 2025 (particularly in England and Northern Ireland) to levels not seen since 2021 (when previous changes to Stamp Duty occurred), likely reflects buyers rushing to complete property purchases before the 1 April 2025 Stamp Duty changes in England and Northern Ireland.

The Bank of England’s Money and Credit March 2025 release reported that mortgage approvals for house purchases, an indicator of future borrowing, decreased for the third consecutive month, with a fall of 800 to 64,300 in March 2025.

The Bank of England’s Agents’ summary of business conditions - 2025 Q1 reported a subdued sales market where potential buyers are uncertain about the economic environment. The increase in Stamp Duty Land Tax (SDLT) from April has not had a significant effect on the timing of transaction in England and Northern Ireland.

3. Price changes

3.1 Annual price change

Annual price change for UK by country over the past 5 years

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Average UK house price annual inflation was 6.4% (provisional estimate) in the 12 months to March 2025, up from the revised estimate of 5.5% in the 12 months to February 2025.

The average UK house price was £271,000 in March 2025 (provisional estimate), which is £16,000 higher than 12 months ago. Average house prices in the 12 months to March 2025 increased in England to £296,000 (6.7%), increased in Wales to £208,000 (3.6%) and increased in Scotland to £186,000 (4.6%). The average house price increased in the year to Q1 (Jan to Mar) 2025 to £185,000 in Northern Ireland (9.5%).

3.2 Average price by country and government office region

Price, monthly change and annual change by country and government office region

Country and government office region	Price	Monthly change	Annual change
England	£295,654	1.3%	6.7%
Northern Ireland (Quarter 1 - 2025)	£185,037	1.0%	9.5%
Scotland	£185,939	0.4%	4.6%
Wales	£208,093	0.2%	3.6%
East Midlands	£243,973	0.7%	7.1%
East of England	£343,876	1.4%	6.5%
London	£552,073	-0.3%	0.8%
North East	£168,227	4.2%	14.3%
North West	£217,063	2.5%	9.4%
South East	£386,316	0.4%	5.3%
South West	£310,837	0.7%	5.3%
West Midlands Region	£250,015	1.2%	7.8%
Yorkshire and The Humber	£211,155	2.3%	9.5%

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Price changes by country and government office region

On a non-seasonally adjusted basis, average UK house prices increased by 1.1% between February 2025 and March 2025, compared with an increase of 0.2% in the same period 12 months ago. On a seasonally adjusted basis, average house prices in the UK increased by 1.4% between February 2025 and March 2025.

3.3 Average price by property type

Average monthly price by property type

Property type	March 2025	March 2024	Difference
Detached	£437,325	£416,298	5.1%
Semi-detached	£275,162	£254,265	8.2%
Terraced	£228,968	£211,943	8.0%
Flat or maisonette	£199,520	£193,000	3.4%
All	£271,415	£255,082	6.4%

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4. Sales volumes

In 2024, HMLR successfully returned to processing over 40% of HM Revenue & Customs’ provisional sales estimate for UK HPI’s first estimate (the target specified in the UK HPI Quality and Methodology guidance). UK HPI sales volume estimates for older periods and new builds remain lower than historical averages, but continue to improve. Users should be aware that revisions may be larger than historically and should note the greater uncertainty around new build prices.

Potential methodology improvements are being investigated, aimed at reducing revisions in UK HPI estimates. Read more in ONS’ UK HPI monthly imputation methods paper.

4.1 Sales volumes

Number of sales volumes by country

Provisional UK HPI estimates for March 2025 are based on approximately 58,600 records for England, 6,400 for Scotland, and 1,800 for Wales. This represents 41% of HMRC’s provisional sales estimate for March 2025, as detailed in their Monthly property transactions completed in the UK with value of £40,000 or above estimates. Over time, more records will become available for recent periods, which will be used to revise UK HPI estimates and sales volumes, in line with the revision policy published by the ONS and HMLR.

Sales estimates from UK HPI differ from estimates from HMRC because of different data sources, revision period size and coverage. HMRC’s Quality report states there are likely to be inaccuracies in their data because of reporting or keying errors, such as misclassification between residential and non-residential transactions. However, HMRC take steps to reduce this measurement error. Another reason for differences could be that residential property transactions, where the buyer or seller is a corporate body, company or business, are excluded from UK HPI data, but included in HMRC data.

Further information on data sources, revision policy, methods and quality is available in HMLR’s UK HPI guidance.

Comparing the provisional volume estimate for the current month with the revised volume estimate for the corresponding month in the previous year

Country	January 2025	January 2024
England	36,265	41,790
Northern Ireland	1,822	1,616
Scotland	6,813	6,139
Wales	1,874	2,082

Note: Comparing the provisional volume estimate for the current month with the revised 12-month volume estimate.

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Note: The ‘Difference’ column has been removed from this table as the latest month’s data are not yet complete.

Note: The number of property transactions for January 2025 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.

Comparing the provisional UK HPI volume estimate for January 2024 with the provisional UK HPI volume estimate for January 2025, volume transactions increased by 87.3% in England, 12.7% in Scotland and 80.0% in Wales. Northern Ireland’s UK HPI volume transactions increased by 20.6% in the year to Quarter 1 2025.

UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that in the 12 months to January 2025, on a non-seasonally adjusted basis, HMRC volume transactions increased by 23.0% in England, increased by 12.9% in Scotland, increased by 22.2% in Wales and increased by 19.5% in Northern Ireland.

4.2 Sales volumes for the UK over the past 5 years

Sales volumes for 2021 to 2025 by country: January

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Note: The ‘Difference’ column has been removed from this table as the latest month’s data are not yet complete.

Note: The number of property transactions for January 2025 will increase as more transactions are incorporated into the UK HPI index. See our Revisions Policy for more information.

Comparing the provisional UK HPI volume estimate for January 2024 with the provisional UK HPI volume estimate for January 2025, UK volume transactions increased by 67.3%.

UK Property Transaction Statistics published by HM Revenue & Customs (which differ in coverage but are more complete for this period) report that on a non-seasonally adjusted basis, HMRC volume transactions for the UK increased by 22.0% in the 12 months to January 2025.

New build and existing resold property

Property status	Average price January 2025	Monthly change	Annual change
New build	£381,055	-0.7%	17.1%
Existing resold property	£261,959	0.2%	3.7%

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Note: Since the October 2017 release, amendments have been made to our estimation model when calculating our provisional estimate. Find out further information and the impact of this change in the methods used to produce the UK HPI.

5. Buyer status for Great Britain

First time buyer and former owner occupier

For Great Britain only, Northern Ireland data is not available for buyer status.

Type of buyer	Average price March 2025	Monthly change	Annual change
First time buyer	£230,857	1.7%	7.1%
Former owner occupier	£331,844	0.4%	5.4%

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6. Funding status for Great Britain

Cash and mortgage

For Great Britain only, Northern Ireland data is not available for funding status.

Funding status	Average price March 2025	Monthly change	Annual change
Cash	£258,369	1.1%	5.5%
Mortgage	£281,080	1.1%	6.7%

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7. Access the data

Download the data as CSV files or access it with our UK HPI tool.

Data revisions

View any revisions to previously published data in the data downloads or find out more about revisions in our guidance About the UK HPI.

8. Housing transaction distributions

Between October and December 2024, there were 190,576 property sales.

The most popular price range for:

• England was £225,000 - £249,999 – 9,975 properties were purchased
• Scotland was £125,000 to £149,999 – 2,590 properties were purchased
• Wales was £150,000 to £174,999 – 1,019 properties were purchased
• Northern Ireland was £175,000 to £199,999 – 872 properties were purchased

The charts below show the distribution of housing transactions for Q4 (October to December) 2024 for countries of the UK. Data for Great Britain is presented in bands of £25,000 up to £10 million, followed by a larger band for over £10 million. Data for Northern Ireland is presented in bands of £25,000 up to £500,000, followed by a larger band for over £500,000.

In line with the UK HPI revisions policy, the number of transactions will increase as more data are incorporated into the index, which would also impact the distributions presented in this analysis.

England housing transactions

Price band	Housing transactions
less than £25,000	28
£25,000 - £49,999	411
£50,000 - £74,999	1768
£75,000 - £99,999	3702
£100,000 - £124,999	5379
£125,000 - £149,999	7602
£150,000 - £174,999	9023
£175,000 - £199,999	9796
£200,000 - £224,999	9655
£225,000 - £249,999	9975
£250,000 - £274,999	9617
£275,000 - £299,999	9032
£300,000 - £324,999	7952
£325,000 - £349,999	7101
£350,000 - £374,999	6739
£375,000 - £399,999	6025
£400,000 - £424,999	5309
£425,000 - £449,999	4567
£450,000 - £474,999	3976
£475,000 - £499,999	3474
£500,000 - £524,999	2760
£525,000 - £549,999	2546
£550,000 - £574,999	2237
£575,000 - £599,999	2066
£600,000 - £624,999	1897
£625,000 - £649,999	1757
£650,000 - £674,999	1428
£675,000 - £699,999	1229
£700,000 - £724,999	1078
£725,000 - £749,999	922
£750,000 - £774,999	1024
£775,000 - £799,999	781
£800,000 - £824,999	690
£825,000 - £849,999	621
£850,000 - £874,999	700
£875,000 - £899,999	492
£900,000 - £924,999	451
£925,000 - £949,999	375
£950,000 - £974,999	397
£975,000 - £999,999	318
£1,000,000 - £1,249,999	1644
£1,250,000 - £1,499,999	977
£1,500,000 - £1,749,999	522
£1,750,000 - £1,999,999	315
£2,000,000 - £4,999,999	584
£5,000,000 - £9,999,999	65
greater than £10,000,000	16

Scotland housing transactions

Price band	Housing transactions
less than £25,000	64
£25,000 - £49,999	562
£50,000 - £74,999	1372
£75,000 - £99,999	2112
£100,000 - £124,999	2323
£125,000 - £149,999	2590
£150,000 - £174,999	2367
£175,000 - £199,999	2148
£200,000 - £224,999	1800
£225,000 - £249,999	1825
£250,000 - £274,999	1612
£275,000 - £299,999	1376
£300,000 - £324,999	1142
£325,000 - £349,999	904
£350,000 - £374,999	774
£375,000 - £399,999	578
£400,000 - £424,999	515
£425,000 - £449,999	349
£450,000 - £474,999	335
£475,000 - £499,999	259
£500,000 - £524,999	206
£525,000 - £549,999	171
£550,000 - £574,999	134
£575,000 - £599,999	122
£600,000 - £624,999	110
£625,000 - £649,999	76
£650,000 - £674,999	68
£675,000 - £699,999	70
£700,000 - £724,999	56
£725,000 - £749,999	50
£750,000 - £774,999	38
£775,000 - £799,999	35
£800,000 - £824,999	34
£825,000 - £849,999	29
£850,000 - £874,999	24
£875,000 - £899,999	17
£900,000 - £924,999	19
£925,000 - £949,999	10
£950,000 - £974,999	16
£975,000 - £999,999	14
£1,000,000 - £1,249,999	56
£1,250,000 - £1,499,999	28
£1,500,000 - £1,749,999	12
£1,750,000 - £1,999,999	4
£2,000,000 - £4,999,999	8
£5,000,000 - £9,999,999	0

Wales housing transactions

Price band	Housing transactions
less than £25,000	0
£25,000 - £49,999	21
£50,000 - £74,999	118
£75,000 - £99,999	345
£100,000 - £124,999	623
£125,000 - £149,999	866
£150,000 - £174,999	1019
£175,000 - £199,999	939
£200,000 - £224,999	735
£225,000 - £249,999	690
£250,000 - £274,999	550
£275,000 - £299,999	488
£300,000 - £324,999	350
£325,000 - £349,999	348
£350,000 - £374,999	298
£375,000 - £399,999	246
£400,000 - £424,999	138
£425,000 - £449,999	130
£450,000 - £474,999	102
£475,000 - £499,999	92
£500,000 - £524,999	52
£525,000 - £549,999	46
£550,000 - £574,999	39
£575,000 - £599,999	33
£600,000 - £624,999	30
£625,000 - £649,999	31
£650,000 - £674,999	16
£675,000 - £699,999	22
£700,000 - £724,999	13
£725,000 - £749,999	11
£750,000 - £774,999	11
£775,000 - £799,999	9
£800,000 - £824,999	5
£825,000 - £849,999	4
£850,000 - £874,999	5
£875,000 - £899,999	2
£900,000 - £924,999	4
£925,000 - £949,999	4
£950,000 - £974,999	1
£975,000 - £999,999	3
£1,000,000 - £1,249,999	11
£1,250,000 - £1,499,999	6
£1,500,000 - £1,749,999	2
£1,750,000 - £1,999,999	3
£2,000,000 - £4,999,999	0

Northern Ireland housing transactions

Price band	Housing transactions
less than £25,000	6
£25,000 - £49,999	60
£50,000 - £74,999	250
£75,000 - £99,999	540
£100,000 - £124,999	728
£125,000 - £149,999	761
£150,000 - £174,999	825
£175,000 - £199,999	872
£200,000 - £224,999	553
£225,000 - £249,999	459
£250,000 - £274,999	311
£275,000 - £299,999	284
£300,000 - £324,999	208
£325,000 - £349,999	173
£350,000 - £374,999	123
£375,000 - £399,999	102
£400,000 - £424,999	72
£425,000 - £449,999	71
£450,000 - £474,999	50
£475,000 - £499,999	46
greater than £500,000	184

9. About the UK House Price Index

The UK House Price Index (UK HPI) is calculated by the Office for National Statistics and Land & Property Services Northern Ireland. Find out about the methodology used to create the UK HPI.

Data for the UK House Price Index is provided by HM Land Registry, Registers of Scotland, The Land & Property Services/Northern Ireland Statistics & Research Agency and the Valuation Office Agency.

Find out more about the UK House Price Index.

A key determinant of house prices is the demographic characteristics of the area in which the property is located. The UK HPI uses the socio-demographic classification, known as Acorn, in the hedonic regression model to measure the affluence of the area.

Prior to 20 December 2023’s publication, property transactions in Great Britain were excluded from the regression model if their Acorn classification was missing. From 20 December 2023’s publication, these properties are included in the regression model from January 2023’s data onwards, but are given less weight in the calculations, as described above. This methodology improvement aligns how transactions with missing Acorn classification are used in the Great Britain model and Northern Ireland model, increasing coherence across the UK and improving the quality of UK HPI statistics.

10. Contact

Eileen Morrison, Data Services Team Leader, HM Land Registry

Email eileen.morrison@landregistry.gov.uk

Telephone 0300 006 5288

Aimee North, Head of Housing Market Indices, Office for National Statistics

Email aimee.north@ons.gov.uk

Telephone 01633 456400

Ciara Cunningham, Statistician for the Northern Ireland HPI

Email ciara.cunningham@finance-ni.gov.uk

Telephone 028 90 336035

Anne MacDonald, Land & Property Data Team, Registers of Scotland

Email Anne.MacDonald@ros.gov.uk

Telephone 0131 378 4991