UK House Price Index for January 2025
The UK HPI shows house price changes for England, Scotland, Wales and Northern Ireland.
The January data shows:
- on average, house prices have risen by 0.2% since December 2024
- there has been an annual price rise of 4.9% which makes the average property in the UK valued at 拢269,000
England
In England the January data shows, on average, house prices rose by 0.2% since December 2024. The annual price rise of 4.8% takes the average property value to 拢291,000.
The regional data for England indicates that:
- London experienced the most significant monthly increase with a movement of 2.3%
- Yorkshire and the Humber saw the greatest monthly price fall, with a fall of -0.6%
- the North East experienced the greatest annual price rise, up by 9.1%
- London saw the lowest annual price growth, with a rise of 2.3%
Price change by region for England
| Region | Average price January 2025 | Annual change % since January 2024 | Monthly change % since December 2024 |
|---|---|---|---|
| East Midlands | 拢241,000 | 6.2 | -0.4 |
| East of England | 拢339,000 | 3 | -0.2 |
| London | 拢564,000 | 2.3 | 2.3 |
| North East | 拢161,000 | 9.1 | -0.1 |
| North West | 拢210,000 | 6.8 | -0.1 |
| South East | 拢386,000 | 4.5 | 0.5 |
| South West | 拢307,000 | 2.7 | 0.1 |
| West Midlands | 拢245,000 | 5.3 | 0 |
| Yorkshire and the Humber | 拢203,000 | 5.9 | -0.6 |
Repossession sales by volume for England
The lowest numbers of repossession sales in November 2024 were in the East Midlands and East of England.
The highest number of repossession sales in November 2024 was in London.
| Repossession sales | November 2024 |
|---|---|
| East Midlands | 1 |
| East of England | 1 |
| London | 13 |
| North East | 12 |
| North West | 12 |
| South East | 6 |
| South West | 2 |
| West Midlands | 7 |
| Yorkshire and the Humber | 4 |
| England | 61 |
Average price by property type for England
| Property type | January 2025 | January 2024 | Difference % |
|---|---|---|---|
| Detached | 拢473,000 | 拢453,000 | 4.4 |
| Semi-detached | 拢286,000 | 拢270,000 | 5.9 |
| Terraced | 拢242,000 | 拢228,000 | 5.8 |
| Flat/maisonette | 拢225,000 | 拢221,000 | 2 |
| All | 拢291,000 | 拢278,000 | 4.8 |
Funding and buyer status for England
| Transaction type | Average price January 2025 | Annual price change % since January 2024 | Monthly price change % since December 2024 |
|---|---|---|---|
| Cash | 拢278,000 | 4.1 | 0.2 |
| Mortgage | 拢297,000 | 5.1 | 0.2 |
| First-time buyer | 拢245,000 | 5.3 | 0.1 |
| Former owner occupier | 拢354,000 | 4.2 | 0.4 |
Building status for England
| Building status* | Average price November 2024 | Annual price change % since November 2023 | Monthly price change % since October 2024 |
|---|---|---|---|
| New build | 拢438,000 | 22.7 | 9.5 |
| Existing resold property | 拢284,000 | 2.3 | -0.7 |
*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.
London
London shows, on average, house prices decreased by 2.3% since December 2024. House prices have shown an annual price increase of 2.3%, meaning the average price of a property is 拢564,000.
Average price by property type for London
| Property type | January 2025 | January 2024 | Difference % |
|---|---|---|---|
| Detached | 拢1,147,000 | 拢1,115,000 | 2.9 |
| Semi-detached | 拢714,000 | 拢684,000 | 4.4 |
| Terraced | 拢638,000 | 拢613,000 | 4 |
| Flat/maisonette | 拢449,000 | 拢446,000 | 0.7 |
| All | 拢564,000 | 拢551,000 | 2.3 |
Funding and buyer status for London
| Transaction type | Average price January 2025 | Annual price change % since January 2024 | Monthly price change % since December 2024 |
|---|---|---|---|
| Cash | 拢602,000 | 0.3 | 3.3 |
| Mortgage | 拢556,000 | 2.9 | 2 |
| First-time buyer | 拢484,000 | 2.4 | 1.9 |
| Former owner occupier | 拢699,000 | 2.2 | 2.8 |
Building status for London
| Building status* | Average price November 2024 | Annual price change % since November 2023 | Monthly price change % since October 2024 |
|---|---|---|---|
| New build | 拢590,000 | 18.7 | 8.6 |
| Existing resold property | 拢550,000 | 0 | -1.7 |
*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.
Wales
Wales shows, on average, house prices rose by 0.9% since December 2024. An annual price increase of 6% takes the average property value to 拢210,000
There were 4 repossession sales for Wales in October 2024.
Average price by property type for Wales
| Property type | January 2025 | January 2024 | Difference % |
|---|---|---|---|
| Detached | 拢331,000 | 拢314,000 | 5.2 |
| Semi-detached | 拢208,000 | 拢195,000 | 6.5 |
| Terraced | 拢166,000 | 拢156,000 | 6.2 |
| Flat/maisonette | 拢131,000 | 拢125,000 | 5.1 |
| All | 拢210,000 | 拢198,000 | 6 |
Funding and buyer status for Wales
| Transaction type | Average price January 2025 | Annual price change % since January 2024 | Monthly price change % since December 2024 |
|---|---|---|---|
| Cash | 拢210,000 | 5.6 | 1.5 |
| Mortgage | 拢209,000 | 6.1 | 0.5 |
| First-time buyer | 拢180,000 | 6.4 | 0.6 |
| Former owner occupier | 拢251,000 | 5.5 | 1.1 |
Building status for Wales
| Building status* | Average price November 2024 | Annual price change % since November 2023 | Monthly price change % since October 2024 |
|---|---|---|---|
| New build | 拢375,000 | 23.3 | 9.4 |
| Existing resold property | 拢206,000 | 3 | 0.6 |
*Figures for the 2 most recent months are not being published because there are not enough new build transactions to give a meaningful result.
UK house prices
UK house prices rose by 4.9% in the year to January 2025, up from the revised estimate of 4.6% in the 12 months to December 2024. On a non-seasonally adjusted basis, average house prices in the UK increased by 0.2% between December 2024 and January 2025, compared with a decrease of 0.1% from the same period 12 months ago (December 2023 and January 2024).
The UK Property Transactions Statistics showed that in January 2025, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of 拢40,000 or greater was 95,000. This is 14.4% higher than a year ago (January 2024). Between December 2024 and January 2025, UK transactions decreased by 1% on a seasonally adjusted basis.
House price monthly increase was highest in London where prices increased by 2.3% in the year to January 2025. The highest annual growth was in the the North East, where prices increased by 9.1% in the year to January 2025.
See the economic statement.
The UK HPI is based on completed housing transactions. Typically, a house purchase can take 6 to 8 weeks to reach completion. As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month鈥檚 set of house price data.
Background
- We publish the UK House Price Index (HPI) on the second or third Wednesday of each month with Northern Ireland figures updated quarterly. We will publish the February 2025 UK HPI at 9:30am on Wednesday 16 April 2025. See聽calendar of release dates.
- We have made some changes to improve the accuracy of the UK HPI. We are not publishing average price and percentage change for new builds and existing resold property as done previously because there are not currently enough new build transactions to provide a reliable result. This means that in this month鈥檚 UK HPI reports, new builds and existing resold property are reported in line with the sales volumes currently available.
- The UK HPI revision period has been extended to 13 months, following a review of the revision policy (see聽calculating the UK HPI聽section 4.4). This ensures the data used is more comprehensive.
- Sales volume data is available by property status (new build and existing property) and funding status (cash and mortgage) in our聽downloadable data tables. Transactions that require us to create a new register, such as new builds, are more complex and require more time to process. Read聽revisions to the UK HPI data.
- Revision tables are available for England and Wales within the downloadable data in CSV format. See聽about the UK HPI聽for more information.
- HM Land Registry, Registers of Scotland, Land & Property Services/Northern Ireland Statistics and Research Agency and the Valuation Office Agency supply data for the UK HPI.
- The Office for National Statistics (ONS) and聽Land & Property Services/Northern Ireland Statistics and Research Agency calculate the UK HPI. It applies a hedonic regression model that uses the various sources of data on property price,听including HM聽Land Registry鈥檚 Price Paid Dataset, and attributes to produce estimates of the change in house prices each month. Find out more about the methodology used聽from the聽听补苍诲听.
- We take the聽UK Property Transaction statistics聽 from the HM Revenue and Customs (HMRC) monthly estimates of the number of residential and non-residential property transactions in the UK and its constituent countries. The number of property transactions in the UK is highly seasonal, with more activity in the summer months and less in the winter. This regular annual pattern can sometimes mask the underlying movements and trends in the data series. HMRC presents the UK aggregate transaction figures on a seasonally adjusted basis. We make adjustments for both the time of year and the construction of the calendar, including corrections for the position of Easter and the number of trading days in a聽particular month.
- UK HPI seasonally adjusted series are calculated at regional and national levels only. See聽data tables.
- The first estimate for new build average price (April 2016 report) was based on a small sample which can cause volatility. A three-month moving average has been applied to the latest estimate to remove some of this volatility.
- The UK HPI reflects the final transaction price for sales of residential property. Using the geometric mean, it covers purchases at market value for owner-occupation and buy-to-let, excluding those purchases not at market value (such as re-mortgages), where the 鈥榩rice鈥� represents a valuation.
- HM Land Registry provides information on residential property transactions for England and Wales, collected as part of the official registration process for properties that are sold for full market value.
- The HM Land Registry dataset contains the sale price of the property, the date when the sale was completed, full address details, the type of property (detached, semi-detached, terraced or flat), if it is a newly built property or an established residential building and a variable to indicate if the property has been purchased as a financed transaction (using a mortgage) or as a non-financed transaction (cash purchase).
- Repossession sales data is based on the number of transactions lodged with HM Land Registry by lenders exercising their power of sale.
- For England, we show repossession sales volume recorded by government office region. For Wales, we provide repossession sales volume for the number of repossession sales.
- Repossession sales data is available from April 2016 in CSV format. Find out more information about聽repossession sales.
- We publish CSV files of the raw and cleansed aggregated data every month for England, Scotland and Wales. We publish Northern Ireland data on a quarterly basis. They are available for free use and re-use under the Open Government Licence.
- HM Land Registry is a government department created in 1862. Its vision is: 鈥淎 world-leading property market as part of a thriving economy and a sustainable future.鈥�
- HM Land Registry鈥檚 purpose is: 鈥淲e protect your land ownership and provide services and data that underpin an efficient and informed property market.鈥�
- HM Land Registry safeguards land and property ownership valued at 拢8 trillion, enabling over 拢1 trillion worth of personal and commercial lending to聽be secured聽against property across England and Wales. The Land Register contains more than聽26.5聽million titles showing evidence of ownership for more than 89% of the land mass of England and Wales.
- For further information about HM Land Registry visit聽.
- Follow us on聽, our聽,听听补苍诲听.
Contact
Press Office
Trafalgar House
1 Bedford Park
Croydon
CR0 2AQ
Email HMLRPressOffice@landregistry.gov.uk
Phone (Monday to Friday 8:30am to 5:30pm) 0300 006 3365
Mobile (5:30pm to 8:30am weekdays, all weekend and public holidays) 07864 689 344