Nationwide figures reveal slight annual increase
The Nationwide house price index for December 2025 has revealed that UK property values rose by just 0.6% in the year.
The average house price also fell by -0.4% in the month, to £271,068.
Robert Gardner, Chief Economist at Nationwide, said: “UK house prices ended 2025 on a softer note, with annual price growth slowing to 0.6%, from 1.8% in November, the slowest pace since April 2024. The high base for comparison can partly explain the slowdown (annual price growth was a solid 4.7% in December 2024), although prices fell by 0.4% month on month, after taking account of seasonal effects.
“Despite the softer end to the year, the word that best describes the housing market in 2025 overall is ‘resilient’. Even though consumer sentiment was relatively subdued, with households reluctant to spend and mortgage rates around three times their post pandemic lows, mortgage approvals remained near pre-Covid levels.”
Most regions saw modest annual house price growth; the only region to see decline was East Anglia, where prices fell by -0.8%.
Northern Ireland has continued to outpace the rest of the UK, with prices increasing by 9.7% over the year, nearly three times higher than the 3.5% recorded in the next strongest region (North West).
Average prices in Northern England (comprising North, North West, Yorkshire & The Humber, East Midlands and West Midlands) were up 2.3% year on year, with the North West (which includes areas such as Cheshire, Lancashire & Greater Manchester) the top performing region in England – with prices up 3.5% year on year.
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