Annual house price growth across the UK accelerated to 2.5% in the year to November, new figures published by the Office for National Statistics (ONS) have shown.

This was up from 1.9% year-on-year growth in October, to take the average price of a UK home in November to an estimated £271,000.

According to the latest UK House Price Index from the ONS, the average house price in England was £293,000 in November, up 2.2% (£6,000) from a year earlier. This annual rise was higher than in the 12 months to October (1.5%).

In Wales, the average house price was £209,000 in November, up 0.7% (£2,000) from the same month last year, while in Scotland the average price of a home was £193,000, up 4.5% (£8,000) from November last year.

The average house price for Northern Ireland was £193,000 in Q3 2025, up 7.1% (£13,000) from the corresponding three-month period from July to September a year earlier.

Head of business development at Saffron for Intermediaries, Tony Hall, said the latest ONS figures show a housing market that’s growth “remained steady but subdued in the closing stages of 2025”.

“More recently, however, market signals have turned more encouraging,” Hall commented. “After months of modest annual growth, we have seen a notable uptick in asking prices in January, which may help set the tone for the year ahead.

“With the dust settling on the Autumn Budget and expectations of further rate cuts growing, confidence is beginning to return. For buyers looking to act as conditions improve, expert mortgage advice will be crucial to securing the right deal in what could be a more active 2026 market.”

Director of specialist lender MT Finance, Tomer Aboody, added: “With sellers coming to the market and buyers who have delayed moves now ready to proceed, as well as lower mortgage rates, the scene looks set for a bounce.

“With the money markets expecting another base rate cut from 3.75%, although perhaps not at the February meeting of the Bank of England given the latest inflation figures, the improved affordability this will bring when it comes will encourage movement – and the market needs that encouragement.”

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