Overview

• The average asking price for a UK home reached £377,182 in April 2025, exceeding the previous record set in May 2024.
• Prices rose by 1.4% from March, surpassing the typical April increase of 1.2%, according to Rightmove data.
• London recorded a new high of £699,200, despite lower buyer inquiries, while the Midlands and northern regions showed robust demand and price growth.
• Recent mortgage rate reductions, including offerings below 4% by Barclays, may ease affordability pressures for buyers.
• Global economic shifts, including U.S. tariff announcements, have heightened expectations of further Bank of England rate cuts in the coming months.