Average UK Property Price Hits All Time Record

New data from both Rightmove and Zoopla shows that, not only are properties selling quicker than 12 months ago, but since the increase in stamp duty charges, property prices have gone up to a new record. Properties in England and Wales are, on average, selling within 36 days of being put on the market. There are, of course, regional variations, with homes selling faster in areas with lower property prices and in more affordable areas. In England, properties in the North sell quicker compared to the homes in the South, where there are more concentrations of higher average property prices.

52% of properties are sold within two months of their first listing, data from Zoopla shows; this is a 3% increase from 2024.

According to the property portal Rightmove, house prices have defied expectations to slow down or even decrease by surging to a record average asking price of £377,182 at the beginning of April 2025. This is an increase of over £5,000 compared to March this year. This increase may be due, in part, to the reduction in mortgage rates, after several lenders cut their rates to below 4%, which will help to offset the increased stamp duty we saw from the beginning of April this year.

The previous record high of £375,131, was reached in May of 2024.

One of Rightmoves property experts, Colleen Babcock, said: “We’ve seen our first price record in nearly a year, despite the number of homes for sale being at a decade high. The increased choice seems to be bringing more movers into the market, with both buyer and seller numbers up as the market remains resilient. Confidence from new sellers is a good sign for the overall health of the market, but they do need to be careful when setting their asking price. The high level of supply in the market right now means that buyers are likely to have plenty of homes in their area to choose from, and an overpriced home will stick out for the wrong reasons. Our research also shows that getting the price right the first time is key. Homes that don’t need a reduction in price are more likely to find a buyer, and to find that buyer in less than half the time.”

In a similar comparison to the North South divide in terms of time to sell, Rightmove also said it is seeing a North/South divide in terms of price trends, with most of the Midlands and northern England, and also Wales and Scotland, have seen above-average price increases and demand compared to 2024.

Rightmove said the full impact of Trumps tariffs will be seen over the coming weeks and months, and should the Bank of England opt for further cuts in rates it could lead to mortgage rates reducing more quickly than originally thought.