UK housing costs rise 41% over five years for renters and owners, study shows
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A Savills study reveals UK housing costs for renters and owners have increased by 41% over the past five years, reaching £226 billion in 2025. While the rate of increase slowed last year, rising mortgage interest payments, up 9% to £53.6 billion, significantly contributed to the overall rise. Mortgage holders are particularly affected, with the average borrower paying £13,000 annually. Rental costs also increased, though at a slower pace of 2.75% in 2025. London saw the smallest percentage increase in housing costs, while the North West experienced the largest. The report suggests potential economic turmoil could further fuel inflation and impact mortgage rates.
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AI-ExtractedNew seller asking prices have risen by an average of £3,023 in March to £371,042.
The average borrower is paying £13,000 a year.
Mortgage interest grew by 9% last year, to £53.6bn.
Overall housing costs have gone up by £66bn over the past five years, a rise of 41%.
UK households spent a record £226bn on housing in the last year.
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