The House of Commons Library has just released its monthly report, that can be seen here.

According to recent data, the UK housing market has seen mixed trends. Here is a summary of the key economic indicators :

UK House Prices

• Annual Change: House prices across the UK rose by 2.8% between July 2024 and July 2025.
• Monthly Change: On a seasonally adjusted basis, the average house price saw a slight decrease of 0.7% from June to July 2025.
• Regional Variation: The fastest growth was in the North East, Northern Ireland, and the North West. London, the South East, and the South West experienced the slowest growth.

Mortgage Approvals

• Mortgage approvals for house purchases, a leading indicator of future sales, saw an annual increase of 5% in July 2025 compared to a year ago.
• The number of approvals in July 2025 was 65,352, up from 62,489 in July 2024.

House Building

• Starts: House building starts in England in Q1 2025 were 28,180, a 9% decrease from the previous quarter. However, this represents a 22% increase compared to the same quarter in 2024.
• Completions: Completions in Q1 2025 were 36,180, a 2% decrease from the previous quarter and a 5% decrease from the same quarter of 2024. A peak in starts in Q2 2023, driven by builders trying to avoid new regulatory standards, contributed to the lower numbers in subsequent quarters.

Source: UK House Price Index: data downloads July 2025; Bank of England, Series LPMVTVX; MHCLG, Table 222: permanent dwellings started and completed, by tenure, England (quarterly seasonally adjusted)