The average sale price of a home in England and Wales increased by 0.1% to just over £359,000 in March 2025, making it the third month in a row house price have risen according to Acadata.

Despite this rise, average annual prices are still 2.7% lower than a year ago and nearly 5% below the previous peak reached in late 2022.

Rob Owens, Head of Research at Acadata, said: “The first quarter of 2025 has shown encouraging signs, driven by improving household finances and easing mortgage rates. Additionally, the rush to move homes before the end of stamp duty concessions has provided a short-term boost.

“Despite these gains, average annual prices remain slightly lower than a year ago and nearly 5% below the peak of late 2022. However, the data suggests a steady decline in negativity, with the market becoming more positive in the coming months.

“As affordability improves and wage growth continues, we hope to see further momentum in the housing market as we move through spring into summer.”

Regionally London is still down 7.8% from 12 months ago with the South East in general 2.7% lower, however the North East and North West both saw annual increases of 1.9% and 2.4% respectively.