Average UK house prices fell by 0.1% between September and October 2025, according to the latest UK House Price Index (HPI) from HM Land Registry. The average property value stood at £292,000, remaining 1.4% higher than a year earlier.
On an annual basis, prices rose by 1.7%, placing the average UK property price at £270,000.
Regionally, the North East recorded the strongest monthly growth, with prices rising 1.3%, and also posted the highest annual increase at 5%. London saw the largest monthly decline, with prices falling 1.9%, and recorded the weakest annual performance, down 2.4%.
Across England, the average price of a detached home was £470,000, up 1.1% year-on-year. Semi-detached properties rose 3.8% to £290,000, while terraced homes increased 2.4% to £244,000. In contrast, flats and maisonettes fell 3.6% to £219,000.
Cash buyers paid an average of £277,000, up 0.5% annually, while mortgage buyers paid £297,000, reflecting annual growth of 1.7%.
In Wales, prices fell 1.1% over the month but were 1.5% higher year-on-year, with the average property priced at £211,000. Detached homes averaged £329,000, up 0.6%, while semi-detached properties rose 3.3% to £211,000. Terraced homes increased 1.6% to £168,000, while flats and maisonettes declined 1.9% to £128,000. Cash buyers in Wales paid £210,000 on average, up 1%, compared with £211,000 for mortgage buyers, up 1.8%.
Repossession sales were highest in Yorkshire and the Humber, with 21 recorded in August 2025, and lowest in the East of England, with two.
New-build homes in England averaged £403,000 in August 2025, representing an annual increase of 13.4%. Existing resold properties averaged £290,000, up 1.7%. In London, new-build prices averaged £531,000, up 5.3%, while existing properties fell 1.3% to £563,000. In Wales, new-build homes averaged £345,000, up 13.9%, compared with £208,000 for existing properties, up 1.2%.
UK residential property transactions valued at £40,000 or more were estimated at 98,000 in October 2025, down 2.1% on the same month last year but 1.8% higher than in September 2025.
Industry reaction:
Nick Leeming, chairman of Jackson-Stops: “The numbers tell a simple story: the floor is holding, but the froth has gone. Reflecting the month before the Budget, today’s ONS figures confirm a market that has been subdued as many waited for fiscal clarity from the Chancellor, but importantly, house prices held their nerve. Market fundamentals keep the wheels turning with prices gently up on the year and remaining stable month-to-month, building a picture of quiet confidence even when under economic strain.
“As we edge into the new year, it is important for sellers to continue to price competitively. This is a precision market, with regional nuances and supply dynamics varying widely between postcodes, putting emphasis on sellers to read it correctly.”
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