London & Kent property market data

Up-to-the-minute UK property news and lettings insights for homeowners, landlords, and investors.

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Property market outlook for 2025

Mortgage rates reaching a two-year low are expected to boost housing transactions in 2025, creating opportunities for both buyers and sellers. This trend could lead to property prices rising by up to 4% as predicted by industry experts.

The rental market also remains strong, with high tenant demand and increasing rents. For landlords, 2025 is the time to keep your portfolio compliant amidst changing regulations such as the Renters’ Rights Bill.

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Source: Dataloft Rental Market Analytics by PriceHubble, Bank of England, HMRC, ONS, Land Registry, MHCLG Data refers to the last 12 months. Annual price change is calculated on a £/sqft basis.

What’s happening in the UK housing market?

Key market indicators

Average UK house price
Mortgage approvals
Residential transactions
Gross mortgage lending
Average monthly rent

National average
Data for latest month

£268,548
66,189
95,110
£21.3bn
£1,307

% annual change

4.9%
18.3%
14.4%
22.6%
7.9%

Average house
prices and rents
across the regions

East Midlands

Average UK house price
Data for
latest month
£232,883
% annual
change
-0.4%
Average monthly rent
Data for
latest month
£881
% annual
change
5.4%
Gross yield
Houses
5.3%
Flats
7.9%
All homes
5.8%

East of England

Average UK house price
Data for
latest month
£330,041
% annual
change
-1.1%
Average monthly rent
Data for
latest month
£1,200
% annual
change
6.7%
Gross yield
Houses
5%
Flats
7%
All homes
5.7%

Greater London

Average UK house price
Data for
latest month
£539,810
% annual
change
-1.4%
Average monthly rent
Data for
latest month
£2,040
% annual
change
1.4%
Gross yield
Houses
4.2%
Flats
5.7%
All homes
5.5%

North East

Average UK house price
Data for
latest month
£142,870
% annual
change
-1.3%
Average monthly rent
Data for
latest month
£755
% annual
change
9.4%
Gross yield
Houses
6.7%
Flats
9.3%
All homes
7.4%

North West

Average UK house price
Data for
latest month
£198,058
% annual
change
1.4%
Average monthly rent
Data for
latest month
£1,002
% annual
change
9.9%
Gross yield
Houses
6.3%
Flats
9.2%
All homes
7.7%

South East

Average UK house price
Data for
latest month
£373,769
% annual
change
-0.7%
Average monthly rent
Data for
latest month
£1,337
% annual
change
5.2%
Gross yield
Houses
4.8%
Flats
7.1%
All homes
5.5%

South West

Average UK house price
Data for
latest month
£305,412
% annual
change
-0.9%
Average monthly rent
Data for
latest month
£1,133
% annual
change
6.8%
Gross yield
Houses
4.9%
Flats
7%
All homes
5.6%

Wales

Average UK house price
Data for
latest month
£199,861
% annual
change
1.8%
Average monthly rent
Data for
latest month
£911
% annual
change
7.7%
Gross yield
Houses
6.2%
Flats
8.2%
All homes
7%

West Midlands

Average UK house price
Data for
latest month
£234,396
% annual
change
0.8%
Average monthly rent
Data for
latest month
£947
% annual
change
8.3%
Gross yield
Houses
5.3%
Flats
8.5%
All homes
6.1%

Yorkshire and the Humber

Average UK house price
Data for
latest month
£194,075
% annual
change
1.8%
Average monthly rent
Data for
latest month
£839
% annual
change
9.1%
Gross yield
Houses
5.7%
Flats
8%
All homes
6.5%

Scotland

Average UK house price
Data for
latest month
£187,434
% annual
change
4.6%
Average monthly rent
Data for
latest month
£1,008
% annual
change
10.8%
Gross yield
Houses
Flats
All homes
Source: Dataloft Rental Market Analytics by PriceHubble, Bank of England, HMRC, ONS, Land Registry, MHCLG Data refers to the last 12 months. Annual price change is calculated on a £/sqft basis.

Keep up to date with the latest market insights

* indicates required fields

Name*
Every now and then, Ellis & Co (and its franchisees and selected third parties, detailed in our privacy policy) would like to send you news, updates and promotions of our services that are relevant to you. Selecting YES tells us that you’re OK with this. See our Privacy Policy for more details. You can, of course, opt out of these communications at any time.*

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