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

Higher mortgage rates put buyers in the driving seat

Market conditions vary locally: three in four Scottish homes find a buyer within three months, compared with just three in ten in London   Mortgage rates now average 5.2 per cent, the highest level in three years, adding £150 a month (£1,800 a year) to typical repayments and further cooling buyer demand Homes for sale…
Read More →
Breaking News

Prime London buyer demand cools in Q3

he latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, reveals that buyer demand across London’s core prime property market cooled during the third quarter of 2026, falling by -1.3% on a quarterly basis. However, a number of central London markets bucked the wider trend, with demand across the super-prime sector…
Read More →
Breaking News

Breaking Property News 30/9/26

Daily bite-sized proptech and property news in partnership with Proptech-X. SaaS traditionally sells access, AI sells outcomes Thought Leadership by Author Andrew Stanton CEO Proptech-PR For twenty years, one of the safest assumptions in property technology has been that software companies will become increasingly important. A property business identifies an inefficient process, a proptech company…
Read More →
how to present your property for sale
Estate Agent Talk

We’ve got the visitors. Now we need your listings.

Sponsored content, paid for by Domovita. More than 10,000 people a month come to Domovita, and nearly nine in ten of them arrive on a sold-price page for one particular street, looking up what the houses there went for. You can look up your own patch here. What those people don’t find yet is enough…
Read More →
Breaking News

Housing market hit by £18m increase in fall-through costs in Q2 2026

The latest Fall-Through Index by the House Buyer Bureau reveals that the number of property fall-throughs across the UK increased by 6.6% during the second quarter of 2026, resulting in an additional £18.3m in costs to the housing market compared to the previous quarter.   House Buyer Bureau analysed the latest data from TwentyCi on the…
Read More →
Breaking News

More than half of ‘Mumlords and Dadlords’ give rent back to help children buy their first home

54% of parents return some or all of the rent paid by their adult children to help them save for a deposit Just over a third say their children are living at home specifically to save for a house deposit; 45% say they feel like a landlord to their own child Parents charge £303 a…
Read More →