HM Land Registry has released its latest figures for May 2025, offering a clear view of continued upward momentum across the UK property market.
The average price of a UK home now stands at £269,000, representing a £10,000 increase compared with May last year. The market experienced an annual price growth of 3.9% and a monthly change of 1.1%, reflecting steady progress as we move deeper into the year.
Regionally, England saw its average property value rise to £290,000, an increase of 3.4%, while Wales recorded a stronger performance with prices climbing to £210,000, a 5.1% annual uplift. Among the English regions, the North East stands out with the highest annual growth rate of 6.3%, suggesting renewed confidence in that part of the country. In contrast, the South West saw the most modest increase, with prices rising by just 1.9%.
These figures serve as a valuable indicator of current market conditions and provide context for valuation assessments, lending decisions, and strategic planning.
The UKRE Team at F&F LLP continues to support clients with all aspects of property law and conveyancing across England. For tailored legal advice, please contact Anna Douglass, Alastair Hargreaves, Caren Vidamour, or Hannah Damant directly.
For more details, refer to the official release here.