The Land Registry has published the UK House Price Index for January 2025 (UK HPI).
The January data shows that, on average, house prices have risen by 0.2% since December 2024. There has been an annual price rise of 4.9%, making the average property in the UK valued at £269,000.
In England, the January data indicates that average house prices rose by 0.2% since December 2024. The annual price rise of 4.8% takes the average property value to £291,000.
The regional data for England reveals that London experienced the most significant monthly increase with a movement of 2.3%. Conversely, Yorkshire and the Humber saw the greatest monthly price fall, with a decrease of -0.6%. The North East experienced the greatest annual price rise, up by 9.1%, while London saw the lowest annual price growth, with a rise of 2.3%.
These figures highlight the dynamic nature of the housing market, with regional variations playing a significant role in overall trends. As we move forward, it will be interesting to see how these patterns evolve and what factors will influence future changes in property values.
For more details, please visit the official report here.
If you need further information or legal advice, including conveyancing services in England, please contact our dedicated UKRE team: Anna Douglass, Alastair Hargreaves, Caren Vidamour, and Hannah Damant, who will be delighted to assist.