UK House Prices Surge Amid Tax Changes

The Office for National Statistics has reported that UK house prices experienced their fastest annual growth since December 2022, increasing by 6.4% in the 12 months to March 2025, up from 5.5% in February. This surge was mainly a result of  impending expiration of temporary tax incentives aimed at aiding buyers of lower-cost properties and first-time purchasers. 

Additionally, the average asking price of homes hit a new record in April 2025, reaching just over £377,000. This increase is attributed to a 5% rise in buyer demand compared to last year and a 4% increase in new sellers entering the market. (Source Rightmove)