Key facts
- UK house prices increased by 0.7% in April.
- The average UK house price reached £270,000 in April.
- UK house prices saw a 3.8% year-on-year growth to April.
- The 3.8% annual house price rise is the largest since March 2025.
- Sales influencing April's figures were agreed before the Iran war impacted mortgage rates.
- Average monthly private rents increased by 3.3% in the year to May.
- The 3.3% annual rent increase is the smallest since March 2022.
UK house prices experienced a 0.7% rise in April, with the average price reaching £270,000. This figure represents a 3.8% increase year-on-year, which is the largest annual growth recorded since March 2025. Despite this apparent upward trend, experts are cautioning that the reported growth might not reflect the current market reality. Many of the sales contributing to this data were agreed upon prior to significant geopolitical events, specifically the Iran war, which has led to increased mortgage rates and a decline in consumer confidence.
In parallel developments, the Office for National Statistics (ONS) reported that average monthly private rents saw their smallest increase in over a year. Rents rose by 3.3% in the year to May, a rate not seen since March 2022. This contrasts with the housing price growth, suggesting a divergence in the property market's rental and sales sectors.