As the UK enjoyed its third official heatwave of the summer, it seems the property market decided to turn up the temperature too! According to the latest figures from the UK House Price Index (May 2025), monthly price growth surged by 1.1% nationally, with annual growth now sitting at 3.9%.
Here in the North West – which includes our beautiful corner of Lancaster and Morecambe – prices jumped by 2% between April and May. That’s one of the strongest performances in the country, right alongside the East of England and just behind Yorkshire & the Humber.
📈 The standout region was the North East, topping the table with a 2.2% rise. In contrast, London was the only region to experience a dip, with prices falling by 1.4%.
So what’s driving this surge? The property market is proving remarkably resilient, even after the quieter period we saw post-stamp duty changes. It’s clear that confidence is returning. With four interest rate cuts since last August, more buyers are re-entering the market – and they’re serious.
Locally, we’re seeing this first-hand. More people are booking viewings, making offers, and looking to move. In Lancaster, the average house price now stands at £187,655 – up 3% on this time last year. Sale activity has picked up too, with homes selling faster and buyer enquiries on the rise.
🏡 What does this mean if you’re thinking of selling? There’s definitely momentum. But pricing is still key – buyers have more choice now, and they’re savvy. Homes that are realistically priced are still selling well, especially those that are presented and marketed properly.
If you’re curious about what your home is worth or just want a friendly chat about the market, we’re always here to help.
📞 Call us on 01524 843322 or pop in for a coffee and a catch-up. Let’s see how hot your home might be this summer! ☀️
Thanks for reading
Michelle
