What the average Brit is paying for a house right now – with one area booming
His Majesty’s Land Registry has published the UK House Price Index for March 2025, showing the average cost of buying a home in the UK right now in every major region.
The UK HPI is based on completed housing transactions. Typically, a house purchase can take six to eight weeks to reach completion. As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month’s set of house price data.
However, the data does give a good indicator of what the average cost of a home is – especially at a regional level. The March data shows that on average, house prices have risen 1.1% since February 2025. In addition, there was an annual price rise of 6.4%, which means that the average property in the UK is now valued at £271,000.
On a non-seasonally adjusted basis, average house prices in the UK increased by 1.1% between February 2025 and March 2025, compared with an increase 0.2% from the same period 12 months ago (February 24 and March 2024).
The UK Property Transactions Statistics showed that in March 2025, on a seasonally adjusted basis, the estimated number of transactions of residential properties with a value of £40,000 or greater was 177,000. This is 104.3% higher than a year ago (March 2025). Between February 2025 and March 25, UK transactions increased by 61.7% on a seasonally adjusted basis.
House prices by region
House price monthly increase was highest in The North East where prices increased by 4.2% in the year to March 2025. The highest annual growth was in the The North East, where prices increased by 14.3% in the year to March 2025.
London saw the greatest monthly price fall, with a fall of -0.3%. It also saw the lowest annual price growth, with a rise of 0.8%. A more granular breakdown of London house prices by borough can be found here.
The table below shows the average price of a home by reason, and how much this has changed on a year-on-year and month-on-month basis.
