Mapped: Most expensive region for house prices revealed as January saw new record high

Mapped: Most expensive region for house prices revealed as January saw new record high
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Mapped: Most expensive region for house prices revealed as January saw new record high
Author: Jabed Ahmed
Published: Feb, 07 2025 11:04

Summary at a Glance

Mapped: Most expensive region for house prices revealed as January saw new record high London remains the most expensive, while the northeast of England replaced the northwest as the region with the strongest annual price growth.

The average property price in January was £299,138, and on an annual basis, prices rose by 3.0 per cent in the past year, according to Halifax.

In the Budget in October last year, chancellor Rachel Reeves said reduced stamp duty rates in England and Northern Ireland would end in April next year.

London remains the most expensive place in the UK to buy a home, with the average property costing £548,288, up 2.8 per cent on an annual basis.

The northeast of England replaced the northwest as the region with the strongest annual price growth, with values increasing by 5.2 per cent to £178,696.

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