"As the weather warms up, the housing market tends to get busier, with more home-movers springing into action. This year, we’ve seen some bigger changes in the market than usual, with the temporary stamp duty holiday ending from the start of April. But our latest snapshot of the housing market shows that most people are continuing to proceed with their home-moving plans"
In fact, this month, the average price of a property coming to market has risen by 1.4% (+£5,312), reaching a new record of £377,182.
UK House Prices: April 2025
| Month | Avg. asking price | Monthly change | Annual change |
|---|---|---|---|
| April 2025 | £377,182 | +1.4% | +1.3% |
| March 2025 | £371,870 | +1.1% | +1.0% |
Why have house prices risen this month?
We tend to see bigger, seasonal house price increases in the Spring, when the housing market is busy. However, this month’s jump is bigger than the usual price rise we see in April.
This is because demand from those looking to buy a home is up by 5% compared to this time last year, while the number of new sellers coming to market has also increased by 4%.
What’s happening with mortgage rates?
Average mortgage rates remain just below 5%, with the current average five-year fixed mortgage rate of 4.72% being only slightly lower than this time last year. If the Bank of England opts for further and faster rate cuts, starting in May, then mortgage rates could drop more quickly than anticipated.