The State of the UK Housing Market: 2024-2025
The UK housing market in 2024-2025 has shown resilience amid economic challenges, but affordability and supply issues continue to dominate the landscape. House prices have experienced modest growth, with the average UK property price rising by approximately 3-4% in 2024, reaching around £292,000 by December, according to the Office for National Statistics (ONS). However, growth slowed in mid-2025, with a notable 0.8% monthly price drop in June, the sharpest in over two years, driven by changes in stamp duty that prompted a rush of transactions in early 2025.
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