Overview

• ONS figures show the average UK home cost £270,000 in the 12 months to July 2025, up 2.8% year on year.
• London underperformed with just 0.7% annual growth, and 13 boroughs recorded price falls including Wandsworth and Hammersmith and Fulham.
• Greater Manchester displayed sharp contrasts, with Manchester city down 2.5% to £249,000 while Oldham rose 8.3% to £206,000, the region’s biggest increase.
• Bristol’s average price rose 1.4% to £349,000, and Surrey mostly advanced, though Tandridge slipped 1.3% as Waverley climbed 7.0% and Spelthorne jumped 7.8%.
• Regional momentum remained strongest in the North East (7.9%) and North West (4.8%), with Sunderland leading national gains at 12.7% and 61 local authorities across the UK still posting annual declines.