ONS House Price Index January 2025

January 15, 2025

Private rent and house prices, UK: January 2025

The Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. The UK House Price Index measures house price inflation.

Main points

  • Average UK private rents increased by 9.0% in the 12 months to December 2024 (provisional estimate); this is down from 9.1% in the 12 months to November 2024.
  • Average rents increased to £1,369 (9.2%) in England, £777 (8.5%) in Wales and £991 (6.9%) in Scotland, in the 12 months to December 2024.
  • In Northern Ireland, average rents increased by 8.6% in the 12 months to October 2024.
  • In England, rents inflation was highest in London (11.5%) and lowest in Yorkshire and The Humber (5.4%), in the 12 months to December 2024.
  • Average UK house prices increased by 3.3%, to £290,000, in the 12 months to November 2024 (provisional estimate); this annual growth rate is up from 3.0% in the 12 months to October 2024.
  • Average house prices increased in England to £306,000 (3.0%), in Wales to £219,000 (3.0%) and in Scotland to £195,000 (4.7%), in the 12 months to November 2024.

UK private rent and house prices

Average UK private rents increased by 9.0% in the 12 months to December 2024 (provisional estimate). This was down from 9.1% in the 12 months to November 2024 and was below the record-high annual rise of 9.2% in March 2024.

Average UK house prices increased by 3.3% (provisional estimate), to £290,000, in the 12 months to November 2024. This annual growth was up from 3.0% in the 12 months to October 2024. Annual inflation has been generally increasing since its low point of negative 2.7% in the 12 months to December 2023.

HM Land Registry publishes the full UK House Price Index report and monthly data.

UK monthly rents estimates for the latest two months, and UK House Price Index (HPI) estimates for the latest 12 months, are provisional and subject to revision. All statistics are non-seasonally adjusted estimates, unless stated otherwise.

House prices by country and English region

The average house price for England was £306,000 in November 2024, up 3.0% (£8,000) from a year earlier. This annual rise was higher than in the 12 months to October 2024 (2.6%).

The average house price for Wales was £219,000 in November 2024, up 3.0% (£6,000) from a year earlier. This annual rise was lower than in the 12 months to October 2024 (3.3%).

The average house price for Scotland was £195,000 in November 2024, up 4.7% (£9,000) from a year earlier. This annual rise was lower than in the 12 months to October 2024 (5.0%).

The average house price for Northern Ireland was £191,000 in Quarter 3 (July to Sept) 2024, up 6.2% (£12,000) from Quarter 3 a year earlier.

EAN Breaking News

Breaking News. Have a new story to share with us? Then please get in contact today!

You May Also Enjoy

Breaking News

Housing Insight Report: June 2026

June’s housing market remained active, but buyers and renters continued to show caution. Buyer registrations dipped, while sales agreed remained broadly stable. In lettings, demand continued to outstrip supply, with nine applicants per available property. The average number of new prospective buyers registered per member branch dipped during June 2026, with an average of 55.…
Read More →
Breaking News

Private rent and house prices, UK: August 2026

Main points Average UK monthly private rent increased by 3.7%, to £1,393, in the 12 months to July 2026 (provisional estimate); this annual growth rate is up from 3.3% in the 12 months to June 2026. Average rents increased to £1,451 (3.8%) in England, £843 (4.5%) in Wales, and £1,016 (1.7%) in Scotland, in the…
Read More →
Breaking News

Scrapping Stamp Duty could unlock 300,000 extra home moves a year

Economic growth in key regions, such as around Cambridge and the ‘tech corridor’ being held back by stagnant housing market. Rathbones argues that a more mobile housing market could help unlock part of the UK’s £5.5 trillion housing wealth.   Reforming Britain’s property tax system could unlock more than 300,000 additional housing transactions each year…
Read More →
new build home fronts
Breaking News

New-build property across Great Britain increased in price

The average house price for a new-build property across Great Britain increased to £501,658 in July 2026. The West Midlands recorded the largest average price increase, with the average new-build house price rising to £418,281 in July 2026. Yorkshire and Humberside recorded the smallest average increase, with the average house price rising to £347,846 in…
Read More →
Breaking News

Where London leavers are paying a premium for green space

New research from UK Property Development (UKPD shows that Essex, Kent and Hertfordshire command the highest green space premiums among London’s commuter counties, with homebuyers paying a premium of up to 15.3% to live within a stone’s throw of public green space.   UKPD has compared the average asking price of properties for sale within…
Read More →
Breaking News

Breaking Property News 18/8/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Removing inefficiency that comes from humans having to understand where every piece of information lives   Thought Leadership by Fredérick Wakim, Founder of ImmoAdmin “For most of the software era, making a property management platform better meant adding something to it. Another dashboard. Another…
Read More →