By The latest index shows that: –
- House prices increased by 0.4% between February and January, an increase in the 0.1% monthly growth seen between January and December.
- On an annual basis, the average house price increased by 3.9%.
- As a result, the average UK house price now sits at £270,493.
CEO of Yopa, Verona Frankish, commented:
“The UK property market has begun the year on the front foot and we’re now seeing the rate of house price growth start to accelerate, as more buyers push on with their plans to purchase following a brief respite over the Christmas period.
A degree of this increased activity in recent months has, of course, been spurred by the impending stamp duty deadline at the end of March, with those making their move keen to reach completion and avoid any increased cost when buying.
However, we’ve seen the vast majority of buyers take the potential stamp duty cost increase into consideration before submitting their offers, so whilst there may be a momentary market correction, we expect momentum to continue building beyond 1st April.”
Director of Benham and Reeves, Marc von Grundherr, commented:
“A consistently positive performance has been the theme for the UK property market over much of the last year and this theme has so far continued in 2025.
House prices may not be climbing at the same rate as previous market peaks, but some may argue that this more measured rate of growth is far healthier for the market, particularly when you consider that first-time buyer activity is on the up, despite the fact that this market segment faces the toughest task with respect to affordability.”
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