House prices in the UK fell by 2.7% from March to April to a mean of £265,497. This was down from a 0.5% month-on-month rise beforehand, authorities information confirmed.
Figures from the Office for National Statistics (ONS) revealed that yearly, home prices in the UK had risen by 3.5% in the 12 months to April and had been round £9,000 increased than in 2024.
Figures from the Office for National Statistics (ONS) revealed that yearly, home prices in the UK had risen by 3.5% in the 12 months to April and had been round £9,000 increased than in 2024.
Regional modifications in home prices
The largest month-to-month enhance was seen in Scotland, at 2.1% to £191,061, which additionally represented a 5.8% yearly uplift.
In Wales, there was a minor 0.3% rise in home prices month-on-month to a mean of £210,077. Compared to a 12 months earlier, values had been 5.3% increased.
Northern Ireland reported a 1% month-to-month enhance in common home prices, at £185,037 in April. Annually, this was a notable 9.5% increased.
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England was the one nation to report a decline in common home prices, with a 3.7% month-to-month fall to £286,327. Meanwhile, this represented a 3% enhance on the identical interval a 12 months earlier.
Prices fall throughout all English areas besides London
Within England, London was the one area to present a month-to-month rise in common home prices, up 2.6% to £566,614. Values had been additionally 3.3% up on final 12 months.
The largest month-on-month decline in home prices was seen in the North East, with an 8.1% fall to £156,010. Annually, this confirmed a 6.4% enhance.
This was adopted by the North West, the place home prices slipped by 6.4% from March to April to a mean of £204,760. Compared to final 12 months, nevertheless, values had been 3.1% up.
Yorkshire and the Humber additionally witnessed a notable lower in common home prices, with a 6.1% fall to £199,642. However, this was 4% increased than the identical month a 12 months in the past.
Detached and new-build houses rise in worth
Looking at completely different property sorts, the common worth of a semi-detached house was 5.1% increased than the 12 months prior at £269,417, whereas indifferent houses had been 5% pricier at £436,480.
The worth of a terraced house was 2.8% extra at £219,831, whereas flats and maisonettes noticed a marginal 0.6% progress to £195,016.
The worth of a new-build house got here to £406,407 in April, 11.1% increased than the month earlier than and 25.7% up yearly. Meanwhile, the worth of current resold houses rose by simply 0.1% month-on-month to £261,953. Annually, this was 4.2% increased than the identical month in 2024.
First-time patrons paid a mean of £233,452 for his or her houses in April, a 3.6% fall from March. Annually, this was 3.1% increased.
Former owners paid 1.7% lower than in March at £328,300, which was additionally 3.9% up on final 12 months.
