The latest House of Commons report has been issued, and can be seen here.

In summary, it says that economic indicators offer quick-read summaries of the latest data across the UK economy. Below is this month’s snapshot of the housing market.

House Prices

According to the UK House Price Index, average house prices rose by 2.6% between September 2024 and September 2025. However, on a seasonally adjusted basis, prices fell by 0.3% between August and September 2025.

Growth varied significantly across the UK:

• Strongest annual increases: Northern Ireland*, Scotland and Yorkshire & the Humber
• Annual decline: London
• *Note: Northern Ireland figures cover the year to Q3 2025.

House prices have now fallen in two of the past three months, reflecting easing market momentum.

Source: UK House Price Index: data downloads September 2025, index seasonally adjusted

Mortgage Approvals

Bank of England data shows mortgage approvals—an early indicator of future sales—remain subdued compared to the post-lockdown surge.

• September 2025 approvals: 65,944
• September 2024 approvals: 65,628
• Annual change: broadly unchanged
• Monthly change: up 2% on August 2025

Approvals remain well below the peak levels seen towards the end of 2020.

Source: Bank of England, Series LPMVTVX

Housing Supply: Starts and Completions (England)

Activity in the housebuilding sector has stabilised following the Covid-related drop, though underlying trends remain uneven.

Q2 2025 – Seasonally Adjusted Figures

• House building starts:
  • 29,490
  • +2% on the previous quarter
  • +16% on Q2 2024
• House building completions:
  • 34,990
  • –2% on the previous quarter
  • –19% on Q2 2024

The earlier peak of 68,350 starts in Q2 2023 was driven by developers accelerating work ahead of new regulatory standards (energy performance and electric vehicle charging requirements) introduced on 15 June 2023. This brought forward activity and subsequently dampened starts in following quarters.

Source: DLUHC, Table 222 – Permanent dwellings started and completed, England