US EditionUK house prices rose by most since 2022 in March, official data shows
- According to the Office for National Statistics, the average UK house price rose 6.4% year-on-year in March 2025, reaching £271,000 nationwide.
- The rise followed a stampede of homebuyers rushing to complete purchases before the ending of the stamp duty holiday in April, which boosted activity in the preceding months.
- Regional data showed prices rose 6.7% in England to £296,000, 9.5% in Northern Ireland to £185,000, with Wales and Scotland increasing by 3.6% and 4.6% respectively in the year to March.
- Experts highlighted that inflation rose to 3.5% in April and mortgage rates are expected to increase, with Andrew Montlake cautioning that this may lead to a decline in average property values, although limited supply could restrict the extent of any price drops.
- The combination of rising inflation, elevated borrowing costs, and stretched affordability suggests demand could weaken in coming months, potentially stabilizing or softening house prices while aiding some first-time buyers.
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33 Articles
33 Articles
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Center
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Total News Sources33
Leaning Left6Leaning Right1Center11Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 33%
C 61%
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