Private rent and house prices, UK: March 2025
Average UK monthly private rents increased by 8.1%, to £1,326, in the 12 months to February 2025 (provisional estimate); this annual growth rate is down from 8.7% in the 12 months to January 2025.
Average rents increased to £1,381 (8.3%) in England, £785 (8.5%) in Wales, and £998 (5.8%) in Scotland, in the 12 months to February 2025.
In Northern Ireland, average rents increased to £832 (8.1%) in the 12 months to December 2024.
In England, private rents annual inflation was highest in London (9.9%) and lowest in Yorkshire and The Humber (4.8%), in the 12 months to February 2025.
Average UK house prices increased by 4.9%, to £269,000, in the 12 months to January 2025 (provisional estimate); this annual growth rate is up from 4.6% in the 12 months to December 2024.
Average house prices increased to £291,000 (4.8%) in England, £210,000 (6.0%) in Wales, and £187,000 (4.6%) in Scotland, in the 12 months to January 2025.
From the March 2025 release onwards, the Price Index of Private Rents (PIPR) covers the UK, which enables us to produce average rent levels for Northern Ireland and the UK for the first time. Improvements made to launch PIPR’s UK system has led to small revisions to all outputs. Read more in Section 10: Data sources and quality.
UK private rent and house prices
Average UK monthly private rents increased by 8.1% in the 12 months to February 2025 (provisional estimate). This was down from 8.7% in the 12 months to January 2025 and was below the record-high annual rise of 9.1% in March 2024.
Average UK house prices increased by 4.9% (provisional estimate), to £269,000, in the 12 months to January 2025. This annual growth was up from 4.6% in the 12 months to December 2024. Annual inflation has been generally increasing since its recent 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.
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