The next UK House Price Index (HPI) release is scheduled for Wednesday, 16 July, 2025 at 08:30 UTC. This will cover data for May 2025.
The UK House Price Index (HPI) is a measurement of changes in residential property prices over time. It provides insights into the housing market by tracking how house prices fluctuate due to factors such as demand, supply, inflation, and interest rates.
Published jointly by HM Land Registry, Office for National Statistics (ONS), Registers of Scotland, and Land & Property Services Northern Ireland, the UK House Price Index provides a comprehensive view of residential property prices across the UK, based on actual completed sales, and is updated monthly (quarterly for Northern Ireland).
What is the UK House Price Index?
The UK’s average house price (as of April 2025) is £265,000, with the index recorded at 101.7.
See below for regional variations:
- England: Average price of £286,000 (-3.7% monthly change and 3.0% annual price change)
- Wales: Average price of £210,000 (0.3% monthly change and 5.3% annual price change)
- Scotland: Average price of £191,000 (2.1% monthly change and 5.8% annual price change)
- Northern Ireland: Average price of £185,037 in Q1 2025 (1.0% quarterly change and 9.5% annual price change)
How often is the House Price Index updated?
The House Price Index (HPI) is updated at different intervals depending on the country and the publishing organisation.
The UK HPI includes data from England, Scotland, Wales, and Northern Ireland, and is published on the second or third Wednesday of each month (with Northern Ireland figures and data updated each quarter). However, there are occasions such as months including public holidays and the end of the financial year where the data is published on the fourth Wednesday or an alternative day.
What is the House Price Index release schedule?
See below for the UK House Price Index (HPI) publication dates in 2025:
However, please note that there are occasions such as months including public holidays and the end of the financial year where the data is published on the fourth Wednesday or an alternative day.
Are UK house prices dropping?
UK house prices are not dropping overall; in fact, they have experienced growth recently. According to the UK House Price Index, average house prices increased by 3.5% in the year to April 2025, reaching approximately £265,000.
However, if looking at the monthly change in house prices for the UK, average house prices have fallen by 2.7%. However, these monthly figures are more likely to show short-term volatility, so the next month's release will show if this drop will sustain.
However, market dynamics vary across different regions and property types. For example, in England, average house prices decreased by 3.7% between March and April 2025, despite an annual increase of 3.0%. In contrast, Scotland saw a 2.1% increase in average house prices over the same period, with an annual rise of 5.8%.
These variations suggest that while the national trend shows growth, certain areas and segments of the market are experiencing price adjustments.
What is the average price of a house in the UK in 2025?
As of April 2025, the average house price in the UK was £265,000, and the index stood at 101.7. Property prices fell compared to the previous month, with the monthly price change sitting at -2.7%. However, compared to April 2024, the average price for a house in the UK changed by 3.5%.
What is the average price of a house in the UK in 2024?
As of December 2024, the average house price in the UK was £268,087, and the index stood at 102.7. Property prices had fallen by 0.1% compared to the previous month, and risen by 4.6% compared to December 2023.
How long before house sold prices are published?
The UK index is based on completed sales data (using data from actual property sales rather than advertised prices), meaning there's a two-month lag due to data collection and processing times. (e.g., the April HPI release covers February data).
What is the best House Price Index?
The most accurate or best House Price Index (HPI) depends on what aspect of the housing market you’re analysing. Each index has strengths and weaknesses based on the data sources, timing, and coverage.
UK House Price Index: Official & most comprehensive
- Produced by: HM Land Registry, ONS, Registers of Scotland, Land & Property Services (Northern Ireland)
- Data source: Completed sales (cash & mortgage transactions)
- Lag: ~2 months
- Best for: Long-term trends & full market coverage
Nationwide House Price Index: Best for mortgage-based tracking
- Produced by: Nationwide Building Society
- Data source: Nationwide mortgage lending data (excludes cash sales)
- Lag: ~1 month
- Best for: Early indicators of house price trends
Read more about the Nationwide HPI here: When is the next Nationwide HPI published?
Halifax House Price Index: Similar to Nationwide with Halifax data
- Produced by: Halifax (part of Lloyds Banking Group)
- Data source: Halifax mortgage approvals only
- Lag: ~1 month
- Best for: Trends in mortgage-funded transactions
Read more about the Halifax HPI here: When is the next Halifax HPI published?
What is the UK property forecast for the next 5 years?
The UK property market is projected to experience moderate growth over the next five years, influenced by factors such as interest rates, wage growth, and regional disparities. Here's an overview based on recent forecasts:
Savills has revised its five-year UK house price growth forecast upward from 17.9% to 21.6%, anticipating more evenly distributed growth over this period.
Reuters Poll indicates that UK home prices are expected to increase by 3.5% in 2025, surpassing previous forecasts, driven by lower borrowing costs due to the Bank of England's interest rate cuts.
See Bank of England interest rate updates here: When is the next BoE interest rate decision?
Can I check the value of my house online?
Yes, you can check an online estimate of your UK property's value using various free tools, such as "Property Checker"—which uses Land Registry data to show actual sale price data and transaction dates for properties in England and Wales.
These tools rely on completed sales transactions, giving more reliable valuation if your target has sold in recent years (post‑1995), but newly sold properties may take 2 weeks to 2 months to appear in the database.
What is the Household Price Index?
The Household Price Index (HPI) typically refers to a measure of consumer price inflation experienced by households, rather than property values. However, the term is sometimes confused with the House Price Index. It’s important to distinguish between the two, as they measure very different things.
The House Price Index (such as the UK HPI) measures how the prices of residential properties change month by month, and is used to track house price statistics and housing market trends. This index reflects completed sales and provides data on average property prices and price growth across the UK.
In contrast, the Household Price Index is a broader economic measure used more commonly in countries like Canada and New Zealand. It reflects the cost of living as experienced by different types of households. Unlike the standard Consumer Price Index (CPI), which uses a fixed "basket" of goods, the Household Price Index can include costs such as mortgage interest payments, making it more representative of real household expenses.
In the UK, there is no official Household Price Index in wide use. If you’re asking about property prices, the correct and widely used measure is the UK House Price Index (HPI). If you're interested in the cost of living or price inflation, you might be looking for the Consumer Price Index (CPI) instead.
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