Reports
House price growth softens at the start of 2025
- Annual rate of house price growth slowed to 4.1% in January, compared with 4.7% in December
- House prices up 0.1% month on month
- Little change in overall rate of home ownership in recent years despite affordability pressures
Affordability stretched, but gradually improving
- Modest improvement over past year, but affordability remains stretched by historic standards
- Considerable variation in affordability across occupational groups
- Affordability most stretched in London and South of England, with North of England & Scotland the most affordable
Strong end to the year for UK house prices
- UK house prices up 4.7% year on year in December
- Northern regions see higher price growth than southern regions
- Northern Ireland best performing area for second year running, with prices up 7.1% over 2024
- East Anglia weakest performing region, with prices up 0.5% over the year
Nationwide House Price Review and Outlook for 2025: Housing market resilient despite ongoing affordability challenges
- Housing market activity proved resilient in 2024 despite ongoing affordability challenges
- House prices to see growth broadly in the range of 2% to 4% in 2025
Annual house price growth rebounds in November
- UK house prices rose 1.2% month on month
- Annual growth rate rebounded to 3.7%, from 2.4% in October – fastest since November 2022
- House prices now just 1% below all-time peak
25% house price premium in National Parks
- 25% premium for a property situated within a National Park
- 7% premium for a property within 5km of a National Park
- 15% premium for a property located in an Area of Outstanding Natural Beauty (AONB)
Annual house price growth slows in October
- UK house prices rose 0.1% month on month in October
- Annual growth rate slowed to 2.4%, from 3.2% in September
September records fastest annual house price growth in two years
- UK house prices up 3.2% year-on-year in September
- Northern Ireland best performer, with prices up 8.6% in Q3
- East Anglia weakest performing region, with prices down 0.8% over the year
Annual house price growth edged higher in August
- UK house prices fell 0.2% month on month in August
- Annual growth rate picked up to 2.4%, from 2.1% in July
- Fastest pace of annual growth since December 2022
- Energy efficiency becoming more important in influencing what buyers will pay for a home
House price growth edged up in July
- UK house prices rose 0.3% month on month in July
- Annual growth rate picked up to 2.1%, from 1.5% in June
- Marks fastest pace of growth since December 2022
House price growth broadly stable in June
- UK house prices up 1.5% in June compared with a year ago
- N. Ireland best performing region, with prices up 4.1% in Q2
- East Anglia weakest performing region, with prices down 1.8% over the year
Modest rebound in house price growth in May as market shows resilience
- UK house prices rose 0.4% month on month in May
- Annual growth rate picked up to 1.3%, from 0.6% in April