Our data partners at e.surv, working alongside property analytics experts Acadata, produce a detailed House Price Index for England and Wales, grounded in valuation expertise and robust market insight.
In their June 2025 update, Rob Owens, Head of Research, notes: “The housing market showed signs of stabilising in June, with average prices in England and Wales holding steady at just under £358,000. This suggests the recent period of modest price decline may be ending.”
As shown in the table below, the average price for England and Wales is 1.4% lower than it was in May 2024.
However, across England and Wales, average property prices vary by region, ranging from £198,941 in the North East to £686,525 in London, a difference of 3.5 times.
And it’s not only the average price that’s different by region. The changes to property prices year on year range from falls of 3.5% in the South West through to rises of 2.1% in Yorkshire and The Humber.
Key regional property price trends for 2025 are:
- The markets of northern England have cooled somewhat more recently.
- Softer markets in the north and in the Midlands are contributing to a less stark regional divide.
- Conditions in the London market showed signs of improving…..for the first time in 18 months,
- The rest of southern England continues to drag down the overall annual growth metrics for England and Wales.
With property prices fluctuating slightly across England and Wales, what’s the outlook for the rest of 2025?
Although values remain subdued in many regions and across most property types, the overall market is functioning well, with a healthy pace of sales and purchases continuing.
The start of 2025 was particularly strong for buyers and sellers in England, many of whom took advantage of the temporary Stamp Duty reduction, which ended on March 31st.
This incentive pushed Q1 sales volumes 17% higher than in the same period last year.
Since then, buyer activity has become more cautious, but sellers have remained active, leading to a 5% year-on-year increase in the number of homes being listed.
This has helped draw more buyers into the market, contributing to a 6% rise in the number of sales compared to 2024. Source: Chris Watkin and TwentyEA
From a buyer’s perspective, particularly investors, current conditions could present an opportunity.
With pricing seen as relatively good value and some sellers facing extended marketing periods, there’s potential to negotiate favourable deals ahead of possible price increases over the coming six months.
This positive outlook, however, depends on continued stability in the wider economy—particularly falling inflation and interest rates.
Forecasts for the rest of 2025 include:
It’s worth talking to one of our local property experts to see what the market is like for the type of property you are looking to purchase or sell.
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