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House Prices Increased by 2.5 in November Despite Budget Concerns
UK house prices rose 2.5% to £271,000 in the year to November 2025 despite economic uncertainty; private rents increased 4.0%, ONS reported.
- On January 21, 2026 the Office for National Statistics reported the average UK house price rose to 271,000, with annual growth of 2.5% in November 2025.
- Seasonal momentum and stock availability across much of the country helped underpin the modest rise, and Nicky Stevenson, Managing Director at Fine and Country, said buyer confidence held up despite concerns in the run-up to the UK Budget.
- The North East saw the highest inflation at 6.8% while London declined 1.2%, with England's average reaching 293,000 and Wales 209,000, according to the ONS on January 21, 2026.
- Average UK private rents rose 4.0% to £1,368 in the year to December 2025, and Nathan Emerson, chief executive of Propertymark, said it's positive to see sustained momentum despite uncertainty.
- With CPI inflation lifting to 3.4% in December from 3.2% in November, the Bank of England could hesitate on further base-rate cuts in the short term.
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House prices record 'modest' year-on-year rise as industry weighs in
House prices record 'modest' year-on-year rise as industry weighs in - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.
The highest property prices remain in England, but Scotland saw the most growth. London was the only major market to continue to decline.
Coverage Details
Total News Sources12
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
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