UK Housing Market News

Savills has trimmed its expectation for the mainstream UK market in 2025 to 1%, down from 4% previously. Stamp duty’s continued drag, a softer economic backdrop and the familiar pre-Budget pause are all tempering momentum. Even so, a forecast that remains in positive territory however modest suggests confidence has not disappeared.

The Budget season inevitably brings a period of “wait and see”, as buyers and sellers try to anticipate potential tax changes. That caution is already visible in decision-making.

Average UK Home

Importantly, values remain close to record levels. The latest Land Registry release (17 September) places the average UK home at £270,000, around £8,000 higher than a year ago.

On sources, a number of indices track price movement each month, but Land Registry remains the anchor given its coverage of both mortgaged and cash transactions. Its one compromise is timing, with publication roughly six weeks behind the market; by contrast, lender indices from Nationwide and Halifax provide a quicker, if narrower, read.

House Prices in Your Area

For those wishing to understand conditions on a more local basis, the ONS “house prices in your area” tool — built on Land Registry data remains the clearest way to assess movement at borough or local-authority level.