Lower mortgage rates are supporting more house sales against a backdrop of modest house price inflation. Our House Price Index tracks key trends in the UK housing market - here’s the latest news in May 2025.
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Our sold house prices come from HM Land Registry, Registers of Scotland, official survey records, Royal Mail and Ordnance Survey.
The latest news on house prices
Stay up-to-date with what's happening in the housing market.
Mortgage rates are likely to stay in the 4-5% range this year but changes to affordability testing gives buyers a boost.
House price inflation is losing momentum as seasonal factors and growing economic uncertainty cools buyer demand, while supply continues to expand. More homes for sale are boosting choice and keeping house prices in check.
Buyers have a wide choice of homes for sale, which will keep price inflation in check. Sellers need to be very careful in how they price their homes if they are serious about moving in 2025.
The housing market is resilient, supported by faster growth in average earnings. There are the most homes for sale in 7 years, which will keep price inflation in check. But are buyers missing opportunities in the flats market?
The housing market in 2025 is off to a better start than the previous two years. More people are now looking to buy and the outlook for market activity bodes well.
Sales market activity has rebounded over 2024 as buyers and sellers return to the market. This has boosted sales volumes, but buyers remain price-sensitive, especially in the wake of the Budget and uncertainty over the outlook for mortgage rates in 2025.
What will happen to house prices and mortgage rates in 2025? Our special forecast edition of the House Price Index reveals the big housing market trends for next year.
Sales activity in the housing market is the highest it's been since 2020. Get the latest in our House Price Index.
Which homes offer the best value when it comes to price per square foot? Let’s take a look at the property types and locations that offer more bang for your buck.
Mortgage rates drop to lowest rates seen in 15 months as house prices rise and more homes are sold. Get the latest in our House Price Index.
House prices rise across the UK as London veers into positive territory. But homeowners looking to sell must be wary of overpricing.
Keep track and satisfy your curiosity
Track a property to see how its price estimate changes each month, get local area insights and find out what nearby homes are selling for.
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Check out our latest House Price Index
Find out what's happening with house prices and get the latest housing market trends in our monthly House Price Index.
Our experts answer your questions
Are UK house prices falling?
Yes, UK house prices are falling slowly as the market continues to get used to higher mortgage rates. The average house price in the UK is now £263,600. This is no change compared to a month ago and a fall of -0.5% (or £1,200) compared to a year ago.
Read more in our House Price Index: February 2024.
Will property prices keep falling in 2024?
It depends where in the country you live as the trends vary based on the overall affordability of homes and the level of house prices in each property market. The rate of falls will continue to slow and house prices are likely to broadly track sideways at current levels during 2024.
How do mortgage rates affect house prices?
When mortgage rates are higher, it makes borrowing money to buy a house more expensive. This reduces demand and usually means lower house price growth.
Average mortgage rates are currently between 4% and 5% and are likely to stay at this level for the foreseeable. Try our mortgage calculator to see how much you could borrow.
Does Zoopla have all sold house prices in the UK?
We get our sold house prices from HM Land Registry and Registers of Scotland each month, but it can take up to 6 months for sales to appear in our data. They also don't provide some property prices, such as the sale of a share or a transfer after a divorce. If we don’t have a sold house price, get an instant valuation instead.
Why are UK house prices so high?
The biggest house price growth in recent times came between 2020 and 2022, when low mortgage rates and then the pandemic boosted demand from buyers. 12 in 13 homes increased in value by an average of £19,000 in 2022.
In 2023, this rate of growth slowed down. 3 in 5 homeowners saw their homes hold their value or rise - by £7,800 on average.
What's happening with London property prices?
London has the most expensive homes in the UK, but the average value of a London home is just 8% higher than 7 years ago. For the rest of the UK, this figure is 28% higher, showing that London homes are becoming better value for money.
The cheapest places to buy a home in London are Plumstead, Deptford and Thamesmead East.
Thinking of selling?
Get the ball rolling with an in-person valuation of your home. It’s free and there’s no obligation to sell if you change your mind.
