There are many UK housing market indexes released every month and we are attempting to provide the ultimate, comprehensive overview to the very fragmented reports available.
£271,000
Monthly Change 1.1%
Annual Change 6.4%
5 Year Change 16.7%
Source: HM Land Registry
£379,517
Monthly Change 0.6%
Annual Change 1.2%
5 Year Change 13.7%
Source: Rightmove
46,774
Monthly Change 10.8%
Annual Change 9.4%
5 Year Change 44.6%
Source: HM Land Registry
Monthly Change 15%
Source: Rightmove
562,382
Monthly Change 2.9%
173 days
Source: Home
59 days
Source: Rightmove
2.4% properties price reduced last month
Source: Home
Annual Change 4.5%
Source: Bank of England
"The average price of property coming to the market for sale rises by 0.6% (+£2,335) this month to a new record of £379,517. The seasonality of the property market means that we have now seen a May price record for the last five years. However, this month’s increase is smaller than usual, and the lowest in May since 2016, reflecting a more subdued late Spring market. The number of available homes for sale continues to run at a ten-year high, creating competition between sellers to secure a buyer for their home, and limiting growth in newly-advertised property prices. April saw what appears to be a post-stamp-duty-increase lull in new buyer demand, measured by the number of people contacting estate agents about homes for sale. This slowdown in new buyer demand is perhaps understandable after the busy first quarter of the year, though there are early signs that the lull may be short-lived. Mortgage rates will be crucial in determining the level of buyer activity for the rest of the year. They have been trickling downwards, and there is hope that the recent Bank Rate cut, the second of the year, may spur on further reductions from lenders."
"The April 2025 RICS UK Residential Survey results point to a further weakening across the sales market, evidenced by measures of activity slipping deeper into negative territory over the month. Similarly, near-term expectations suggest this subdued trend will persist through spring, albeit sentiment regarding the twelve-month outlook appears somewhat more resilient at this stage."
"With respect to house prices, the survey’s headline measure posted a net balance of -3%, marking a slight decline from the reading of +2% seen previously. Nevertheless, the latest net balance remains in neutral territory, suggesting house prices have levelled-out for the time being. From a regional perspective, Yorkshire & the Humber and the South West exhibit more negative returns for the house price series compared to other areas at this stage. By way of contrast, Northern Ireland and Scotland continue to see an uplift in house prices."
"The number of sales agreed is also higher than a year ago across all areas. Sales agreed are up by double digits in Wales (14%), the North West (10%) and the North East (10%). The market needs only modest price rises to support sales activity."
“2021 has a lot of variables, and so is not an easy one to call, but with Rightmove’s unique leading indicators of buyer and seller behaviour we are confident that the housing market will continue to outperform general expectations next year as it did this."
"Our 2021 forecast of a 4% price rise is more conservative than the unsustainable 6.6% national average seen this year. There’s likely to be a lull in quarter two unless the stamp duty holiday is extended, but for many buyers its removal will not be make or break, though may lead them to reduce their offers to a degree to compensate for the higher tax, and indeed many sellers may be prepared to help to mitigate their buyer’s financial loss."
"First-time buyers will remain largely exempt, so in most cases will be no worse off. The maximum savings of £2,450 in Wales or £2,100 in Scotland are considerably less decisive than the £15,000 available in England for a house costing £500,000 or more, which does however only apply to a small part of the market.”
Russell Galley, Managing Director of Halifax: 2% to 5% fall"Despite the deepest recession for centuries, house prices have risen over the past year at their fastest rate since 2016, with mortgage approvals also at their highest level for over a decade. This growth has been driven by a shift in demand from buyers as a result of increased home working and a desire for more space, whilst the stamp-duty holiday brought forward many transactions that might otherwise have been planned for next year."
"With the stamp duty holiday also due to expire in March - and lower levels of demand - housing market activity is likely to slow. Taking all of this into account, the post-summer surge in house prices is unlikely to be sustained. Prices are expected to fall by between 2% and 5% next year, although forecast uncertainty is much higher than usual given the current economic and political environment."
Richard Donnell, Research and Insight Director at Zoopla: 1% rise“Central to our outlook is lower levels of turnover by long-run standards, which over time increases the scarcity of homes for sale."
"We expect the supply of properties for sale to moderate over 2021, which will restrict choice for consumers."
"This creates a scenario in which any improvement to the economic climate, growth in employment levels, or an uptick in consumer sentiment will in turn boost demand, increase transaction volumes in line 2019 levels, and could provide impetus for house price growth in 2022."
Lucian Cook, Head of Residential Research at Savills: 0% change“We do expect the economic effects of the pandemic to weigh more heavily on the housing market next year."
Nick Barnes, Head of Research at Chestertons: 1.5% rise"Assuming no further major systemic shocks, we anticipate that the brunt of Covid’s impact on employment will be felt by the mainstream market and we forecast that after an exceptional year of growth in 2020, prices growth across the UK will slow to 1.5%. Greater London prices have risen less but are likely to fall more, and we expect them to drop by 2% by the end of the year."
An ExprEstimate is simply an estimation of what your property could be worth in current market conditions. This is calculated using an automated computerised system. We use a number of publicly available data sources to help calculate our estimations, maps, tables and other content. This data may be inaccurate or incomplete at times and therefore must not be relied upon. Our valuation estimations, maps and tables are provided to you for personal use, general interest and to provide homeowners with a useful starting point when trying to assess their property’s current value and the UK property market in general. These estimates, maps, tables and any other content should not be relied upon for any type of commercial transaction. We strongly recommend that you seek a professional valuation from a qualified surveyor / qualified professional before any property sale, purchase, mortgage or related purposes. We shall not be liable for any losses you or anyone else suffers as a result of relying on the valuations, maps, tables and any other content. This includes not being liable for any loss of profit, loss of bargain, loss of capital through over-payment or under-sale or for any indirect, special or consequential loss. We cannot and do not guarantee that the Service will be constantly available or error-free. Also, our liability to you is limited to £100. WE DO NOT EXCLUDE OR LIMIT OUR LIABILITY FOR ANYTHING WE ARE NOT ALLOWED TO AND YOUR STATUTORY RIGHTS AS A CONSUMER ARE NOT AFFECTED BY ANY OF THESE TERMS AND CONDITIONS.
