Housing Insight Report – April 2025
House prices see month-on-month uplift
The average UK house price stood at £271,000 in March 2025 (latest figures available). This highlights changes in the average house price year on year to March 2025 for each constituent part of the UK, with Northern Ireland continuing to see the largest growth during this period.
Sales volumes within the UK
Sales volume data is a lagging measure which reflects the UK residential sales transactions completed in the month. The latest provisional data for April 2025 shows non-seasonally adjusted sales volume has dipped compared to a year earlier.
This figure will have been firmly driven by a rush to complete on properties on the lead up to Stamp Duty threshold changes for those in England and Northern Ireland at the start of April and demonstrate the after-affect to the market.
Residential lettings
Tenant demand
The number of new prospective tenants registered indicates market demand. Average number of registrations per member branch sat at an average of 93 in April 2025.
Tenancies agreed broadly the same when compared to the month before
The average number of new tenancies agreed per member branch sits at an average of 8.76 in April 2025 This figure remains broadly static month on month.
Sales
1. The average number of viewings per available property in April 2025 saw a dip compared to the month beforehand. This figure stands at an average of 2.3 viewings for each property marketed.
2. On average, there were around 13.6 homes placed for sale per member branch in April 2025 .
Lettings
1. The average number of applicants per member branch is sitting at 7 people for each available property in April 2025
2. In April 2025, 56% of members agents reported that rents remained generally static, with 13% reporting they had seen an overall fall, and 31% reporting they felt rents had increased.
Nathan Emerson – CEO Propertymark:
“As the new Stamp Duty thresholds were introduced from April across England and Northern Ireland, it’s inevitable that a slowing in the pace of the market was to be noted. However, other factors such as improved mortgage deals from lenders, an ongoing steady stream in the number of mortgage approvals and borrowing, as well as continued appetite and confidence from home movers, are all hugely positive signs that the housing market remains resilient amongst economic uncertainty.
“In the lettings market, we have seen a welcome jump in the number of properties on the market. As we continue to see a growing demand from tenants across the country, we need to see this trend continue at pace to help bring down rent levels and provide greater choice for the nation in the long term.”
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