Finance

UK house prices rise by least since September 2024 in January

Published by Global Banking & Finance Review

Posted on March 25, 2026

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· Last updated: April 1, 2026

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UK house prices rise by least since September 2024 in January
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LONDON, March 25 (Reuters) - British house prices rose at the slowest pace since September 2024 in the year to January, official figures showed on Wednesday, while the pace of increase in rents was

UK House Prices Rise at Slowest Rate Since September 2024, Official Data Shows

Latest Trends in UK Housing and Rental Markets

House Price Growth Slows

LONDON, March 25 (Reuters) - British house prices rose at the slowest pace since September 2024 in the year to January, official figures showed on Wednesday, while the pace of increase in rents was unchanged.

Annual Rate of House Price Inflation

The annual rate of house price inflation slowed to 1.3% in January from 1.9% in December 2025, taking the average house price in the United Kingdom to 268,000 pounds ($359,000), the Office for National Statistics said.

Rental Market Overview

Private-Sector Rent Increases

Private-sector rents in February were 3.5% higher than a year earlier, unchanged from January's rate of increase and the joint-smallest rise since March 2022.

Exchange Rate Information

($1 = 0.7465 pounds)

Reporting Credits

(Reporting by David Milliken; editing by Suban Abdulla)

Key Takeaways

  • House price inflation decelerated from 1.9% in December to 1.3% in January, the slowest annual rise since Sept 2024
  • Average UK house price now around £268,000
  • Private‑sector rent growth held steady at 3.5% in February, one of the softest increases since early 2022

References

Frequently Asked Questions

What was the rate of UK house price inflation in January 2025?
The annual rate of house price inflation slowed to 1.3% in January 2025.
How much is the average house price in the UK according to latest data?
The average house price in the United Kingdom is £268,000 ($359,000) as of January 2025.
How did private-sector rents change in February 2025?
Private-sector rents in February were 3.5% higher than a year earlier, unchanged from January's increase.
When was the last time UK house prices rose at a slower pace than January 2025?
The slowest previous increase was in September 2024.

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