HM Land Registry has confirmed right now (Wednesday 21 Could) that the typical UK home worth in March 2025 was £271,000—a 6.4% improve in comparison with March 2024 and up 1.1% from February 2025.
Breaking it down by area:
- England noticed a 6.7% annual rise in common home costs.
- Wales recorded a extra modest 3.6% improve.
- Scotland skilled a 4.6% year-on-year uplift.
- Northern Eire led the pack, with home costs 9.5% greater than in March 2024.
Jason Tebb, President of OnTheMarket, feedback on March UK HPI:
“Though historic, this knowledge reveals home costs continued to rise on an annual foundation in March, with the typical property worth £16,000 greater than a 12 months in the past, as consumers tried to learn from the stamp responsibility concession earlier than it expired on the finish of the month.
“With the stamp responsibility vacation out of the best way, rate of interest reductions are much more necessary to spice up exercise and confidence out there. Nonetheless, with inflation spiking by a higher-than-expected 3.5 per cent in April, as tax adjustments and worth hikes got here into impact, this may increasingly sluggish the tempo of fee reductions from the Financial institution of England.
“Affordability stays a problem though there stay vary of sub-4 per cent mortgage choices. Nonetheless, with Swap charges edging upwards in current weeks, these will not be round for lengthy. With consumers targeted on affordability and the value they’re ready to pay, sellers ought to search recommendation from an skilled native agent and worth accordingly.”
In case you’re considering discovering out how a lot you property could possibly be price, use our Prompt Valuation software, or discover out what’s obtainable in your space by looking on OnTheMarket.com.
