What has been the UK average house price increase over the last 10 years?

As of January 2025, the average UK house price was £267,200 – an enormous increase from £80,365 in 2000.

That’s an increase of 232% in 25 years – and it seems house prices in the UK are only going up from here, according to experts in the industry.

What was the average UK house price in 2015?

According to Nationwide’s data, the average price for a house in the UK in 2015 was just a tad below £200,000 at £193,900.

That means house prices, on average, have increased by £73,300 in the last decade – a 37% increase.

The years after 2015 were quite erratic, with the average UK house price steadily climbing each year, with a slight dip in 2023, at £259,862, from £267,388 in 2022.

However, house prices have steadily climbed, where the average price is now at almost £270,000.

According to Savills, house prices in the UK are set to increase by an average of £84,000 over the next five years.

What is the average price of homes adjusted for inflation by the house price index?

Of course, it’s easy to look back at house prices and be amazed by how they’ve increased so dramatically.

But that doesn’t tell the full story. Using Nationwide’s house price index, we can adjust house prices to show their ‘real’ value compared to today’s market and inflation rates.

For example, while the average UK house price today is £267,200, adjusting 2015’s figure of £193,900 for inflation, we find that the ‘real’ house price average was £282,247 – more than today’s average.

When looking back even further – 1990 – we can see that house prices have increased considerably (in terms of today’s money), but not by as much as you may think.

The average UK house price in 1990 was £57,683, or £172,383 in today’s money – £94,817 lower than the first quarter of 2025.

Has the increase in house prices affected the housing market?

Despite the UK house price steadily climbing from £265,862 to £267,200 – from the second half of 2024 to Q1 2025 – the property market hasn’t dipped.

According to Zoopla, property sales agreed are up 10% year-on-year, despite house prices increasing by 24% in the last five years.

The reason for the increase in property ownership and sales volumes? An increase in additional houses on the market. From 2024 to 2025, 11% more homes entered the market.

Are there fewer first-time buyers on the property market?

No, it’s the opposite. According to figures collected by Halifax, there are more first-time buyers on the property market. This is despite mortgage rates climbing in recent years and a large percentage change in the value of the average property.

From 2023 to 2024, the number of first-time buyers increased by 19%, with new buyers putting down an average deposit of £61,090 for homes costing an average of £311,034.

The age of first-time buyers has increased, though, from 31 to 33, highlighting the difficulty many are finding in saving up enough money several years earlier as house prices continue to climb.

The data analysis of first-time buyers also discovered that 62% ‘coupled up’. These are mortgage completions with two or more names.

What are the average house prices for different property types?

The average prices of different properties vary across the board, from the north of England to the south, including London.

The average UK house price for the different property types are:

• All property – £267,200
• Detached houses – £448,500
• Semi-detached houses – £273,700
• Terraced houses – £236,100
• Flats – £191,300

UK property market news and trends at ABC+ Warranty

Even with house prices and mortgage rates at ever-increasing levels, it appears the housing market in England is still performing well.

At ABC+ Warranty, we’re always keeping track of the latest developments in the UK property market, whether it’s following housebuilding figures or staying up-to-date with the latest news.

If you’d also like to stay in the loop, you can do so by reading our news articles and blogs.

If you’re looking to purchase or build a property, check out our building warranties.

If you have any questions, you can contact us by calling 0161 928 8804.