Average house prices increased to £292,000 in England in September

House prices ticked up in July as Brits still showed a ‘good appetite’ for home ownership despite affordability challenges and uncertainty ahead of the Autumn Budget.

Average house prices increased 2.7 per cent to £292,000 in England, two per cent to £209,000 in Wales, and 3.3 per cent to £192,000 in Scotland in the 12 months to July 2025, according to the ONS .

Jason Tebb, president of OnTheMarket, said the market is demonstrating “remarkable resilience… assisted by five interest rate reductions in the past year and the expectation of more to come”.

However, higher-than-expected inflation fuelled by high food and services costs.

“At 3.8 per cent inflation is way above the Bank’s target and prices are expected to

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