The UK housing market has kicked off April 2025 with a major milestone—average property asking prices have climbed to their highest level ever, fueled by a strong wave of confidence from both buyers and sellers. Rightmove’s latest data reveals a sharp monthly rise, underscoring the resilience of the property market despite ongoing economic shifts and tariff uncertainties.
New sellers across the country are listing their homes at an average of £377,182, a jump of over £5,000 from March’s average of £371,870. This marks the first record-breaking month since May 2024 and signals renewed optimism among homeowners.
Even as inventory levels hit a ten-year high, demand has remained steady, resulting in upward pressure on prices. However, experts are urging caution when setting asking prices in a market where buyers have an abundance of choices.
Experts Advise Sellers: Pricing it Right Matters More Than Ever
According to Colleen Babcock, property expert at Rightmove, many homes that are priced appropriately from the start tend to sell twice as fast and don’t require later price reductions. While increased choice is good for buyers, overpriced listings may get overlooked in a competitive landscape.
Colleen added that while confidence from sellers is a healthy indicator, it’s essential not to overlook the local dynamics of the market. Each region responds differently to broader economic changes and interest rate movements.
Mortgage Rate Declines Provide Support to Buyers
There’s some relief for prospective homeowners too—mortgage rates have started to edge lower. Banks such as Barclays have already adjusted some of their rates below the 4% mark. Analysts suggest that if the Bank of England moves forward with expected rate cuts in May, this could make mortgages even more accessible.
This shift could help offset rising prices, supporting affordability for buyers navigating record-breaking home values.
Regional House Price Averages in April 2025
Here’s a snapshot of how house prices are performing across the UK:
| Region | Avg. Price (£) | Monthly Increase (%) |
|---|---|---|
| North East | 194,213 | 0.3% |
| Yorkshire & Humber | 256,121 | 1.3% |
| East Midlands | 292,069 | 1.9% |
| East of England | 424,962 | 1.2% |
| London | 699,200 | 0.5% |
| South East | 492,716 | 2.2% |
| South West | 394,342 | 3.1% |
| Wales | 268,816 | 2.3% |
| West Midlands | 295,573 | 1.5% |
| North West | 266,408 | 1.0% |
| Scotland | 200,593 | 1.5% |
Rightmove also reported a growing north-south divide. Regions in the Midlands, Wales, Scotland, and the North of England are seeing stronger buyer interest than the traditionally expensive South East and South West, which are witnessing more modest price increases.
Spotlight on London: High Prices, Low Buyer Demand
While London’s average asking price has reached a staggering £699,200, it remains the only region with fewer buyer inquiries compared to last year. Inner London, in particular, is driving this price surge.
Despite the capital’s price strength, experts warn of its higher exposure to international market risks—including U.S. tariff developments and global economic pressures. These could trigger a reversal in the upward trend.
What Lies Ahead?
The full impact of recent global developments—particularly around tariffs introduced by U.S. President Donald Trump—is expected to unfold in the coming weeks. If interest rates fall more quickly than anticipated, this could create a window of opportunity for buyers across many UK regions.
Colleen Babcock summarized, “Each local market in Great Britain reacts differently to global and national shifts. Staying informed and pricing smartly will remain key to success in the months ahead.”
FAQs
What is the current average UK house price in April 2025?
The average asking price for newly listed homes in the UK is now £377,182, the highest on record.
Which region saw the highest monthly increase in house prices?
The South West reported the largest increase in April 2025, with a 3.1% rise in average asking prices.
Are mortgage rates expected to drop soon?
Yes, if the Bank of England implements expected rate cuts starting May 2025, mortgage rates may decrease further.
Why are London house prices still rising despite lower buyer demand?
Inner London continues to experience high property values, although demand has dipped due to global uncertainties affecting the region more than others.
What should sellers do to attract buyers in a competitive market?
Setting a realistic and competitive asking price from the beginning is crucial. Homes priced correctly tend to sell faster and avoid reductions.
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Aanchal is a passionate writer with a keen interest in storytelling, content creation, and creative expression. She enjoys exploring diverse topics and crafting engaging narratives that captivate readers.