House Prices in Your Area and UK Housing Market News

Savills has moderated its outlook for the mainstream UK housing market, now projecting growth of around 1% in 2025, down from the 4% anticipated earlier in the year. The revision reflects the continued drag from stamp duty, a more subdued economic backdrop and the familiar caution that precedes a Budget. It remains, however, a forecast of modest forward movement rather than contraction.

The run-up to the Budget traditionally introduces a degree of hesitation as participants weigh potential fiscal changes. This year appears no different, with a quieter period expected in the approach to the announcement.

Average House Values Remain High

Despite a slower rate of growth, average values remain close to record highs. The latest Land Registry data (17 September) places the average UK home at £270,000, approximately £8,000 higher than a year ago.

While several indices track house price movements, the Land Registry remains the reference point for accuracy, covering both mortgaged and cash transactions. Its one limitation is timing: data typically trails the market by six weeks, meaning lenders such as Nationwide or Halifax can provide a slightly more current, though narrower, perspective.

House Prices in Your Area

For those seeking more localised insight, the ONS “house prices in your area” resource which also draws on Land Registry data remains a useful tool for understanding shifts at borough and local authority level.