Hot Property

Date Published 17 July 2025

* As the UK sizzled through its third official heatwave of the summer, the property market is feeling the heat too.

* Annual price growth hit 3.9% in May, cranking up the heat with a 1.1% monthly jump from April. London was the only region to feel a cool-down in prices between April and May.

* The North East experienced the largest monthly increase, with a 2.2% rise, followed closely by the North West and the East of England, both up 2%.

* Although April's figures followed the quieter period after the stamp duty deadline, the market has more than bounced back. It continues to show remarkable resilience, supported by four interest rate cuts since last August.

Source: Dataloft by PriceHubble, ONS, UK HPI May 2025