Plymouth Experiences UK's Steepest Rise in House Prices in 2025
In 2025, Plymouth saw the steepest rise in house prices across the UK, with an increase of 12.6% to an average of £278,808. This growth was supported by data from Lloyds Banking Group and is attributed to infrastructure investments such as the Royal William Yard and improved amenities attracting buyers.
Other areas also experienced notable gains, with Stafford and Wigan posting double-digit growth and Hull entering the top 10 with a 6.5% increase. In contrast, UK-wide average house prices rose by 3.7% year on year, while London saw a slight decline of 0.1% to £574,514.
Lloyds highlights the highly localised nature of the housing market, with strong variation between regions. Plymouth was ranked third by Confused.com among the best cities for community, scoring a top life satisfaction rating of 7.8 out of 10, alongside high happiness levels.
In prime markets, Savills reports that post-budget price declines have slowed, with Prime Central London prices falling 0.9% in Q4, outer London down 0.2%, and prime regional markets declining by 0.6%. Tax changes have dampened demand, although the market for properties priced over £2 million shows some resilience.
Scotland's prime markets were the strongest, with Edinburgh prices up 2.1%. Additionally, the country house market is showing signs of bottoming out, with quarterly declines easing.
