According to the latest data nationwide, the average UK home price increased by 3.9% per year in February 2025.
In February, the average UK home prices reached £270,493.
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This rise was driven by an increase in trading despite higher interest rates and mortgage rates acting as market-wide headwinds.
“Despite the continued affordability challenges, housing market activity has also been resilient in recent months. In fact, we saw a noticeable pickup across housing transactions in the second half of 2024, which has increased by 14% compared to the same period in 2023.”
“We believe that growth will remain stable in the face of pressure as rising home prices and despite the continued resilience of the market, as rising borrowing costs are beginning to affect buyers despite the continued resilience of the market,” said Daniel Austin, CEO and co-founder of Ask Partners.
“Investors and developers in the housing sector are motivated by imbalances in demand, and under the new government, we believe that more projects will descend from the ground. We are looking at more diverse housing options, including co-living schemes, which meet the growing requirements of young professional buyers. If prices flatten and interest rates begin to fall, more first-time buyers can step into the real estate ladder.”
