The ONS figures showed that the average house price in July was £270,000 across the UK, an increase of £8,000 in 12 months

UK house prices rose by £8,000 on average as property prices across the country jumped 2.8% in the 12 months to July.

The Office for National Statistics (ONS) figures showed that the average house price in July was £270,000 across the UK, an increase of £8,000 in 12 months.

Average house prices rose by £8,000 to £292,000 (2.7%) in England, by £4,000 to £209,000 (2%) in Wales, and by £6,000 to £192,000 (3.3%) in Scotland.

The average house price in Northern Ireland rose by £10,000 to £185,000 in the second quarter of 2025, up by 5.5% annually and the most significant increase of any nation.

The North East was the English region with the highest house price inflation, at 7.9%, in the 12 months to July 2025, up from 7.7% in the 12 months to June 2025.

Annual house price inflation was lowest in London at 0.7%, in the 12 months to July 2025.

Richard Donnell, executive director at Zoopla, said: Rents and house prices are slowing across the UK as housing demand cools and affordability pressures bite on what people can pay for rent and mortgages.

This has big implications for home building, where weaker demand is holding back investment in growing supply, he added.

The ONS also said the average private rent in the UK was £1,348 per month in August, 5.7%, or £73 higher than 12 months earlier. The rise slowed from a 5.9% increase recorded in the 12 months to July.

The average rent in England was £1,403 in August, up 5.8% (£76) from a year earlier. The figures showed that this annual rise was lower than in the 12 months to July 2025 (6%), marking the ninth month of slowing yearly inflation.

In Wales, the average rent in August was £811, up 7.8% (£59) from a year earlier. This annual rise was lower than in the 12 months to July (7.9%).

The average rent in Scotland was £1,002 in August, up 3.5% (£34) from the previous year. The average rent in Northern Ireland was £860 in June 2025, up 7.2% (£58) from a year earlier.

In August, the average rent was highest in London (£2,253) and lowest in the North East (£745).