HM Land Registry has confirmed at the moment (Wednesday 21 Could) that the typical UK home worth in March 2025 was £271,000—a 6.4% improve in comparison with March 2024 and up 1.1% from February 2025.

Breaking it down by area:

England noticed a 6.7% annual rise in common home costs.
Wales recorded a extra modest 3.6% improve.
Scotland skilled a 4.6% year-on-year uplift.
Northern Eire led the pack, with home costs 9.5% increased than in March 2024.

Jason Tebb, President of OnTheMarket, feedback on March UK HPI:

“Though historic, this information reveals home costs continued to rise on an annual foundation in March, with the typical property worth £16,000 increased than a 12 months in the past, as patrons tried to profit from the stamp responsibility concession earlier than it expired on the finish of the month.
“With the stamp responsibility vacation out of the way in which, rate of interest reductions are much more essential to spice up exercise and confidence out there. Nevertheless, with inflation spiking by a higher-than-expected 3.5 per cent in April, as tax modifications and worth hikes got here into impact, this may increasingly gradual the tempo of charge reductions from the Financial institution of England.
“Affordability stays a problem though there stay an excellent vary of sub-4 per cent mortgage choices. Nevertheless, with Swap charges edging upwards in current weeks, these might not be round for lengthy. With patrons targeted on affordability and the value they’re ready to pay, sellers ought to search recommendation from an skilled native agent and worth accordingly.”

For those who’re fascinated about discovering out how a lot you property could possibly be price, use our Prompt Valuation device, or discover out what’s out there in your space by looking out on OnTheMarket.com.