House prices on the rise again – but one property type is bucking the trend
Northern housing boom contrasts with flat market slump
- UK property prices rose by 0.5 per cent month-on-month in September, maintaining an annual increase of 2.2 per cent.
- Flats continued to decline in value, with average prices falling by 0.3 per cent, contrasting with increases for semi-detached, detached, and terraced properties.
- Significant regional differences persist, with northern England and Northern Ireland experiencing substantially higher price growth compared to southern England.
- A slowdown in price increases during the third quarter of 2025 is linked to uncertainty surrounding the upcoming Budget and potential tax changes.
- Buyers are pausing plans due to this uncertainty, prompting sellers to price homes more competitively and offer incentives to secure sales.