Plymouth Experiences UK's Steepest Rise in House Prices in 2025
Plymouth recorded the steepest rise in UK house prices in 2025, with prices increasing by 12.6% to an average of £278,808, according to data from Lloyds Banking Group. Other areas such as Stafford and Wigan also saw double-digit growth in house prices during the year.
Drivers of Plymouth's housing market growth include significant infrastructural investments, notably the Royal William Yard, as well as enhancements to the city's retail, sporting, culinary, and lifestyle amenities.
Lloyds data indicate that the UK housing market has become highly localised, with some areas experiencing sharp rises while others have cooled. UK-wide house prices rose by 3.7% year on year in 2025. In contrast, London saw a slight decline with prices stalling at -0.1%, averaging £574,514, while Northern Ireland led regional growth with a 5.8% increase.
Savills noted that price falls at the high end of the market slowed after budget changes. However, tax changes targeting high-value homes have dampened demand in this sector. Although there were modest improvements in outer prime London markets, demand remained thin in prime central London.
Complementing its housing market attractiveness, Plymouth was ranked third in a Confused.com study of “best cities for community,” reflecting a high level of life satisfaction and happiness rated at 7.8 out of 10.
