“At a national level, the market has held firm this year, but the headline number masks significant local pain with many homeowners seeing their property value slip dramatically in the space of just 12 months”
– Shepherd Ncube – Springbok Properties
While much of the UK housing market has seen modest growth this year, new analysis from Springbok Properties reveals that several areas are experiencing notable price falls.
Across the UK, average house prices increased 2.6% between September 2024 and September 2025, rising from £264,750 to £271,531.
Some regions have delivered steady, if modest, growth. The South East and South West each saw prices rise by 0.9%. Other areas recorded stronger momentum, including:
Yorkshire & Humber: +4.5%
Scotland: +5.3%
Northern Ireland: +7.1%
London stands out as the only region where prices fell, declining 1.8% over the year. Within the capital, the most dramatic drops were recorded in several local authorities.
Largest local authority declines
The five worst-performing housing markets in the UK are all in London:
City of London: -15%
Westminster: -14.4%
Kensington & Chelsea: -11.3%
Tower Hamlets: -8%
Hammersmith & Fulham: -6.9%
Outside London, some of the steepest declines occurred in Merthyr Tydfil, Wales (-6.3%) and the City of Aberdeen, Scotland (-6.2%). Coastal and rural districts also experienced falls, including:
Ceredigion: -6%
Eastbourne: -5.2%
Torridge: -4.4%
Hastings: -4.4%
Rother: -4.3%
Even traditionally resilient areas were not immune. Rutland in the East Midlands dropped 3.6%, and Tandridge in the South East fell 3.5%.
These figures suggest that while the national market appears stable, many homeowners are seeing their property values decline. The gap between the best and worst-performing markets is widening, highlighting uneven performance across the country.
Localised declines cause concern
“At a national level, the market has held firm this year, but the headline number masks significant local pain with many homeowners seeing their property value slip dramatically in the space of just 12 months,” comments Shepherd Ncube, CEO of Springbok Properties. “If economic conditions or buyer confidence weaken in the new year, these declines could get even worse.”
“For anyone who is planning to sell their home in the coming months, the concern about falling prices is very real. Rather than see the value of your home fall even more before you manage to find a buyer, it might be worth considering a fast, secure sale through a trusted and reliable cash buying company. At Springbok Properties, we are already seeing increased demand from sellers who want speed and stability rather than another year of uncertainty.”