HM Land Registry has confirmed as we speak (Wednesday 21 Could) that the typical UK home value 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% larger 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 value £16,000 larger than a yr in the past, as consumers tried to learn from the stamp obligation concession earlier than it expired on the finish of the month.
“With the stamp obligation vacation out of the way in which, rate of interest reductions are much more vital to spice up exercise and confidence available in the market. Nevertheless, with inflation spiking by a higher-than-expected 3.5 per cent in April, as tax adjustments and value hikes got here into impact, this will gradual the tempo of fee reductions from the Financial institution of England.
“Affordability stays a problem though there stay a great vary of sub-4 per cent mortgage choices. Nevertheless, with Swap charges edging upwards in current weeks, these is probably not round for lengthy. With consumers centered on affordability and the value they’re ready to pay, sellers ought to search recommendation from an skilled native agent and value accordingly.”
Should you’re curious about discovering out how a lot you property could possibly be value, use our Instantaneous Valuation device, or discover out what’s obtainable in your space by looking out on OnTheMarket.com.
