In response to the ONS Private Rents and House Prices data published today which showed that average UK house prices increased by 5.4% to £268,000, in the 12 months to February 2025, Nick Leeming, Chairman of Jackson-Stops, comments:

“We saw steady house price growth in the early months of 2025, driven by increased buyer activity ahead of the Stamp Duty Land Tax changes in April.

“Global economic uncertainty is also playing a role, with more U.S. buyers turning to the UK for stability — particularly in markets like the Cotswolds, where we’re already seeing upward pressure on prices. While market volatility doesn’t directly determine sales, it does influence a buyer’s drive to purchase.

“Across the Jackson-Stops network, completions jumped in February and instructions rose 16% year-on-year — a clear sign of a strong pipeline as we head into the Spring bounce.

“With sub-5% mortgage rates still available, many buyers are feeling motivated to act. To support continued momentum in the market, it’s vital the Government delivers on its pledge to build 1.5 million homes by 2029.”