HM Land Registry has confirmed right this moment (Wednesday 21 Could) that the typical UK home value in March 2025 was £271,000—a 6.4% enhance 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% enhance.
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 exhibits home costs continued to rise on an annual foundation in March, with the typical property value £16,000 increased than a yr in the past, as consumers tried to profit from the stamp obligation concession earlier than it expired on the finish of the month.
“With the stamp obligation vacation out of the way in which, rate of interest reductions are much more necessary to spice up exercise and confidence out there. Nonetheless, with inflation spiking by a higher-than-expected 3.5 per cent in April, as tax modifications and value hikes got here into impact, this will likely 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. Nonetheless, with Swap charges edging upwards in current weeks, these might not be round for lengthy. With consumers targeted on affordability and the value they’re ready to pay, sellers ought to search recommendation from an skilled native agent and value accordingly.”

If you happen to’re interested by discovering out how a lot you property may very well be price, use our On the spot Valuation device, or discover out what’s accessible in your space by looking out on OnTheMarket.com.